Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2021. The manufacturing cost of the computers was $19 million. This noncancelable lease had the following terms:

• Lease payments: $2,836,767 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: $23 million.

What is the outstanding balance of the lease liability in Lone Star's June 30, 2021, balance sheet?

Multiple Choice

• $18,334,628.

• $18,634,637.

• $23,000,000.

• None of these answer choices is correct.