Which of the following characteristics would NOT cause a lease to be declared a capital lease for accounting purposes? I. The present value of the lease payments is at least 90% of the fair market value at the start of the lease. II. The lease transfers ownership of the property to the lessee by the end of the lease term. III. The lessee can purchase the asset at a bargain price when the lease expires. IV. The lease term is at least 70% of the estimated economic life of the asset.