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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 ten-year non-cancelable term. At the end of the ten-year term, Pevzner has five consecutive one-year 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 12 years. What is the lease term?
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10 years
11 years
12 years
15 years
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