Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight Industries signed a note, agreeing to pay Curvy Company $490,000 for the equipment on December 31, 2018. The market rate of interest for similar notes was 8%. The present value of $490,000 discounted at 8% for three years was $388,978. On January 1, 2019, Straight Industries recorded the purchase with a debit to equipment for $388,978 and a credit to notes payable for $388,978. On Straight Industries' balance sheet for the year ended December 31, 2019, the book value of the liability for noteshayable, including accrued interest would be closest to: Multiple Choice $425,871. $428,178. $420,096