Callaway Golf Co$.$ leases telecommunications equipment from Oriole Company. Assume the following data for equipment leased from Oriole Company. The lease term is $5$ years and requires equal rental payments of $$34,100$ at the beginning of each year. The equipment has a fair value at the commencement of the lease of $$165,000,$ an estimated useful life of $8$ years, and a guaranteed residual value at the end of the lease of $$17,050.$ Oriole set the annual rental to earn a rate of return of $5\%,$ and this fact is known to Callaway. The lease does not transfer title or contain a bargain purchase option, and is not a specialized asset.

How should Callaway classify this lease?

$\backslash$table$[[\backslash$table$[[$Finance lease$],[$Operaing lease$],[$Sales$-$type lease$]]],[$Jave ror Later$],[$Using multiple attempts will impact your score.$]]$