Technoid Incorporated sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2024. The manufacturing cost of the computers was $12 million. The noncancelable lease had the following terms:

- Lease payments: $2,466,754 semiannually; first payment on January 1, 2024; remaining payments on June 30 and December 31 each year through June 30, 2028.

- Lease term: five years (10 semiannual payments).

- No residual value; no purchase option

- Economic life of the equipment: five years.

- Implicit interest rate and lessee's incremental borrowing rate: 5% semiannually.

- Fair value of the computers on January 1, 2024: $20 million

What is the outstanding balance of the lease liability in Lone Star's balance sheet on June 30, 2024?