Sheridan Company leases a machine from Cheyenne Corp. under an agreement that meets the criteria to be a finance lease for Sheridan. The six$-$year lease requires payment of $$175000$ at the beginning of each year, which includes $$25500$ per year for maintenance, insurance, and taxes. The incremental borrowing rate for the lessee is $10\%$; the lessor's implicit rate is $8\%$ and is known by the lessee. The present value of an annuity due of $1$ for six years at $10\%$ is $4\mathrm{.}79079.$ The present value of an annuity due of $1$ for six years at $8\%$ is $4\mathrm{.}99271.$ Sheridan should record the leased asset at

$$716223.$

$$873724.$

$$838388.$

$$74641$