Orange Inc. offers a discount on an extended warranty on its

oPhone when the warranty is purchased at the time the oPhone is

purchased. The warranty normally has a price of $$154,$ but Orange

offers it for $$122$ when purchased along with an oPhone. Orange

anticipates a $70\%$ chance that a customer will purchase the extended

warranty along with the oPhone. Assume Orange sells to $1,000$

oPhones with the extended warranty discount offer. What is the

total stand$-$alone selling price that Orange would use for the

extended warranty discount option for purposes of allocating

revenue among the performance obligations in those $1,000$ oPhone

contracts?