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Technoid Inc, sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2021. The manufacturing cost of the computers was $21 million

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Technoid Inc, sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2021. The manufacturing cost of the computers was $21 million This noncancelable lease had the following terms: Lease payments: $3,326,577 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: 7% semiannually. Fair value of the computers at January 1, 2021: $25 million. What is the interest revenue that Technoid would report for this lease in its 2021 income statement? (Round your answer to the nearest whole dollar.) Multiple Choice SD o S2 907619 O None of these answer choices is correct. O S1517140

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