$4.$ on December $31,2025.$ Pharoah corporation leased a plane from concord company for a seven$-$year period expiring December $31,2032.$ Equal annual payments of $$442000$ are due on December of each year, beginning with December $31,2025.$ The lease is properly classified as a finance lease on$$ Pharoah$$s books. The present value at December $31,2025$ of the eight lease payments over the lease term discounted at $10\%$ is $$2593841.$ Assuming the first payment is made on time, the amount that should be reported by Pharaoh Corporation as the lease liability on its December $31,2025$ balance sheet is a$)2367025$ b$)2593841$ c$)2151841$ d$)2411225$