Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018. The manufacturing cost of the computers was $17 million. This noncancelable lease had the following terms Lease payments: $2,897,796 semiannually; first payment at January 1, 2018; remaining payments at June 30 and December 31 each year through June 30, 2022. Lease term: 5 years (10 semi-annual payments) No residual value; no purchase option. Economic life of equipment: 5 years. Implicit interest rate and lessee's incremental borrowing rate: 8 % semiannually Fair value of the computers at January 1, 2018: $21 milion. What is the interest revenue that Technoid would report for this lease in its 2018 income statement? (Round your answer to the nearest dollar)