What is the correct answer ?

ables of $1 at 11% are presented below. 02:24:58 PV of $1 FV of $1 PVA of $1 FVA of $1 1 0 . 90090 1 . 11000 0 . 90090 1 . 0000 2 0 . 81162 1 . 23210 1 . 71252 2 . 1100 3 0 . 731 19 1. 36763 2 . 44371 3 . 3421 4 0 . 65873 1 . 51807 3 . 10245 1 . 7097 5 0 . 59345 1 . 68506 3 . 69590 6 . 2278 6 0. 53464 1 . 87041 4 . 23054 7. 9129 On October 1, 2021, Justine Company purchased equipment from Napa Inc. in exchange for a noninterest-bearing note payable in five equal annual payments of $500,000, beginning Oct 1, 2022. Similar borrowings have carried an 11% interest rate. The equipment would be recorded at: Multiple Choice $2,225,000. $1,847,950. O $2,115,270. $2,500,000