Consider a seven-year fair market value lease for a \($12.5\) million Gulfstream jet with a remaining useful life of 10 years. Suppose the monthly lease payments are \($175,000\) and the appropriate discount rate is a 6% APR with monthly compounding. Would this lease be classified as an operating lease or a finance lease for the lessee? What if the lease contract gave the lessee the option to cancel the contract after five years?