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The Quebeclease Company offers La Presse a lease on a large printing press. The current value of the printing press is $50,000 and it is expected to have a market value of $30,000 in five years. The annual lease payments are $8,000 per year for five years. At the end of the lease, La Presse has the right to buy the printing press for $5,000. This is an example of: I. asset-based financing II. a lease that is likely to be considered a conditional sales agreement by the CRA III. a sale and leaseback agreement I only O II only I and II only II and III only