Technoid Incorporated sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2024. The manufacturing cost of the computers was $20 million.

This noncancelable lease had the following terms:

Lease payments: $3,430,901 semiannually; first payment on January 1, 2024; remaining payments on June 30 and December 31 each year through June 30, 2028.

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: 9% semiannually.

Fair value of the computers on January 1, 2024: $24 million.

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