Wynne Inc Charges an Initial Franchise Fee of $1,840,000, with $400,000

Wynne Inc. charges an initial franchise fee of $1,840,000, with $400,000 paid when the agreement is signed and the balance in five annual payments. The present value of the future payments, discounted at 10%, is $1,091,744. The franchisee has the option to purchase $240,000 of equipment for $192,000. Wynne has substantially provided all initial services required and collectibility of the payments is reasonably assured. The amount of revenue from franchise fees is

A) $ 400,000.
B) $1,443,744.
C) $1,491,744.
D) $1,840,000.