So on 1 October 2021, Ham acquired an item of plant under a four-year lease agreement. The present value of the lease payments was 30 million. The agreement had an implicit finance cost of 8% per annum and required an immediate deposit of 3 million and annual rentals of 8 million paid on 30 September each year for four years.

What would be the non-current liability for the leased plant in Ham's statement of financial position as at 30 September 2022?

A 6,307,200

B 14,852,800

C 18,352,000

D 21,160,000