Wilco Inc. sells a bundled product containing a calculator and a pencil for $10. The calculator is sold as a stand-alone item for $8 and the pencil is sold as a stand-alone item for $4. If Wilco recognizes revenue based on relative fair values, how much revenue would be allocated to the pencil?

Wilco Inc. sells a bundled product containing a calculator and a pencil for $10. The calculator is sold as a stand-alone item for $8 and the pencil is sold as a stand-alone item for $4. If Wilco recognizes revenue based on relative fair values, how much revenue would be allocated to the pencil