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On January 5, 20X9, Mandu Inc, signs a 10-year equipment lease; the equipment has an economic life of 12 years. Lease payments are $9,000 per year, discounted at 5% to a present value of $69,500. The fair value of the leased asset at commencement is $75,000. From the lessee's perspective this lease should be classified as a(n): by O installment lease. operating lease. finance lease. o sales-type lease