$(2)$ On $1$ January $2023$ Goddy Limited purchased an item of plant for $$112$ million which it leased to a customer on the same date. The lease period is four years with annual rentals of $$32$ million in advance. The plant is expected to have a nil residual value at the end of the four years. Goddy has been advised that this is a finance lease with an interest rate of $10\%$ per annum