Sunland Services Inc. accounts for the lease of a truck. The lease includes a residual value guarantee at the end of the lease term of $17,500. Sunland estimates that the likelihood that the residual value will be $17,500 has a 50% certainty. Sunland feels that there is a 30% chance that the residual value will be $11,500 and a 20% chance that it will be $10,000. Calculate the probability-weighted value of the residual guarantee that needs to be included in the measurement of the lease payments liability recorded by Sunland when the lease is signed. Probability-weighted expected value $ Sunland Services Inc. accounts for the lease of a truck. The lease includes a residual value guarantee at the end of the lease term of $17,500. Sunland estimates that the likelihood that the residual value will be $17,500 has a 50% certainty. Sunland feels that there is a 30% chance that the residual value will be $11,500 and a 20% chance that it will be $10,000. Calculate the probability-weighted value of the residual guarantee that needs to be included in the measurement of the lease payments liability recorded by Sunland when the lease is signed. Probability-weighted expected value $