On September $30,2024,$ Crown Corporation purchased franchise rights from a national restaurant chaln. In payment, Crown has

the optlon of paying $$356,000$ immediately or $$400,000$ in two years by signing a noninterest$-$bearing note. Crown chooses the

optlon of paying $$400,000$ in two years.

At what amount will Crown Initlally value the franchise?

How much Interest expense will Crown recognize in its income statement for this note for the year ended December $31,2024?$

Note: Use appropriate factor$($s$)$ from the tables provided. Round your answers to the nearest dollar value. $($FV of $$1.$ PV of $$1.$

FVA of $$1.$ PVA of $$1.$ FVAD of $$1$ and PVAD of $$1)$