Telco T sells the handset separately for a price of 200, which provides observable
evidence of a stand-alone selling price. Telco T also offers a one-year plan without
a phone that includes the same level of data/calls/texts for a price of 25 per
month, with an activation fee of 25 (also concluded not to include a material
right). This pricing, including the activation fee, is used to determine the standalone
selling price of the wireless plan of 325 (25 x 12 months + 25).