Help please... On January 1, 2021, Chicken Nuggets Company entered into a 10-year lease of a floor of building with useful life of 15 years within the following terms:

Annual rental (first 5 years; payable at the end of year) 120,000

Annual rental for 6th -15th year 200,000

Implicit interest year 10%

PV of an Ordinary Annuity of 1 at 10% for 5 periods 3.79

PV of an Ordinary Annuity of 1 at 10% for 10 periods 6.14

PV of 1 at 10% for 5 periods 0.56

The lease provides for neither a transfer of title to the lessee nor a purchase option. What is the lease liability on January 1, 2021?