The next two questions use the below information: On January 1, 20X1, a Company purchased a piece of equipment by signing a note with a below market rate of interest. The facts of the transaction are shown below. Note payable $ 200,000 Fair value Note term Coupon rate $164,000 5 years 1.4% The note is due in equal annual payments of principle and interest. What is the value of the equipment at time of purchase?