Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company

on January $1,2021.$ The manufacturing cost of the computers was $$20$ million. The lease

payments were calculated to earn the fair value of the computers.

This noncancelable lease had the following terms:

Lease payments: $$3,311,766$ semiannually; first payment at January $1,2021$ ; remaining

payments at June $30$ and December $31$ each year through June $30,2025.$

Lease term: $5$ years $(10$ semiannual payments$).$

No residual value; no purchase option.

Economic life of equipment: $5$ years.

Implicit interest rate and lessee's incremental borrowing rate: $16\%$

Fair value of the computers at January $1,2021$: $$24$ million.

What is the outstanding balance of the lease liability in Lone Star's June $30,2021,$ balance

sheet? $($Round your answer to the nearest whole dollar.$)$

None of these answer choices is correct.

$$18,631,536.$

$$19,031,527.$

$$24,000,000.$