On December $29,2011,$ Beta Corps signed a $7-$year lease for an airplane to transport its professional sports team around the country. The airplane's fair value was $$841,500.$ Beta made the first annual lease payment of $$153,000$ on December $31,2011.$ Beta's incremental borrowing rate was $12\%,$ and the interest rate implicit in the lease, which was known by Beta, was $9\%.$ The following are the rounded present value factors for an annuity due:

$\backslash$table$[[9\%$ for $7$ years,$5\mathrm{.}5],[12\%$ for $7$ years,$5\mathrm{.}1]]$

What amount should Beta report as a lease liability in its December $31,2011,$ balance sheet?

$$688,500$

$$841,500$

$$780,300$

$$627,300$