Payton corp. acquired two items of machinery as follows:

-On jan 1, 2021, a used machinery by issuing to the seller a three year, 12% interest note for 3,000,000

-on Dec 30,2021 a machine in exchange for a noninterest bearing note requiring three payments of 1,000,000, the first payment was made on Dec 30,2021, and the others are due annually on dec 30. The prevailing rate to interest for this type of note at date of insurance was 12%. The present value of an ordinary annuity of 1 at 12% is 1.69 for two periods and 2.40 for three periods.

What is the total cost of the machinery?