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Pevzner leased a machine for a ten - year non - cancelable term. At the end of the ten - year term, Pevzner has five
Pevzner leased a machine for a tenyear noncancelable term. At the end of the tenyear term, Pevzner has five consecutive oneyear renewal options. A replacement machine can be acquired at the end of the term for the leased machine, but due to an expensive installation process and Pevzner's lease term for its store, Pevzner expects to lease the machine for years. What is the lease term?
Multiple Choice
years
years
years
years
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