The expected future cost of an asset retirement obligation, which will be due in three years, is $18 million. The company's cost of borrowing is 7%. The present value factor of 7% for three years is 0.81630. Therefore, the asset retirement obligation that should be currently recognized (rounded) is:

Group of answer choices

$30.0 million.

$18 million.

$14.7 million.

$8.2 million.

$22.1 million.