Lease Liability

Question :
On 1 October 20X3, Piazza acquired an item of plant under a four-year lease agreement. The agreement had an implicit finance cost of 8% per annum and required an immediate deposit of $3 million and annual rentals of $8 million paid on 30 September each year for four years. The present value of the total lease payments, including the deposit, was $29,500.

Calculate the non-current liability for the leased plant in Piazza’s statement of financial position as at 30 September 20X4 (to the nearest $000).

Answer per question bank :
14853 (Correct)
The non-current liability is the amount payable at 30 September 20X5

My workings :
Year Opening Balance FC Payment CL Balance
1 26.500,00 2.120,00 -8.000,00 20.620,00
2 20.620,00 1.649,60 -8.000,00 14.269,60

14.269,60 NCL
6.350,40 CL

I am getting a different answer for the NCL.

Can you please help me understand what I am calculating wrong?

Thanks and Regards,
Jamile