Darren is looking to lease a diner unit from DinerDash Inc. The lease terms states that Darren must pay $1,300 every three months for 6 years; the diner unit is expected to last 9 years. The lease agreement states that at the end of the lease, Darren can purchase the diner for $30,000. The fair value of the property is $20,000, and the annual interest rate is 16%.

What is the present value of the lease payments? Round your answer to the nearest whole number.

Using the information above, would the lease agreement between Darren and DinerDash Inc be classified as a finance or operating lease? Write either "Finance" or "Operating".