Ramon is graphing the function f(x) = 3(4)x. He begins by plotting the initial value. Which graph represents his initial step?

On a coordinate plane, the point (0, 3) is graphed.
On a coordinate plane, the point (0, 4) is graphed.
On a coordinate plane, the point (3, 0) is graphed.
On a coordinate plane, the point (4, 0) is graphed.