Portage Inc. makes and sells computer systems. Portage leases computers to Texas Company on January 1 , 2021. The manufacturing cost of the computers was $18 million. This noncancelable lease had the following terms: - Lease payments: $2,608,078 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: 4% semiannually. - Fair value of the computers at January 1, 2021: $22 million. What is the outstanding balance of the lease liability in Texas's June 30, 2021, balance sheet? (Round your onswer to the nearest whole doller.) Multiple Choice $17,559,521 None of these answer choices is correct. $17,759,530. $22,000,000