On September $30,2024,$ Crown Corporation purchased franchise rights from a national restaurant chain. In payment, Crown has the option of paying $$356,000$ immediately or $$400,000$ in two years by signing a noninterest$-$bearing note. Crown chooses the option of paying $$400,000$ in two years.

At what amount will Crown initially value the franchise?

How much interest expense will Crown recognize in its income statement for this note for the year ended December $31,2024?$