Portage Inc. makes and sells computer systems. Portage leases computers to Texas Company on January 1,2021 . The manufacturing cost of the computers was $21 million. This noncancelable lease had the following terms: - Lease payments: $3,083,442 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: 5% semiannually. - Fair value of the computers at January 1, 2021: \$25 million. What is the outstanding balance of the lease liability in Texas's June 30,2021 , balance sheet? (Round your answer to the nearest whole dollar.) Multiple Choice $19,528,953. None of these answer choices is correct. $19,928,944. $25,000,000