Sunland Company leased equipment from Sarasota Company on July $1,2025,$ for an eight$-$year period expiring June $30,2033.$ One of the lease terms is a guaranteed residual amount of $$12500.$ The residual expected by Sunland will be $$7800.$ The lease meets the criteria of a finance lease. What is the residual value amount that would be included in the calculation of Sunland's lease liability$/$right of use asset?

The residual would not be included in the calculation of the lease liability$/$right$-$of$-$use asset.

The present value of $$4700.$

The present value of $$7800.$

The present value of $$12500.$