Cullumber Co. processes jam and sells it to the public. Cullumber leases equipment used in its production processes from Marin, Inc. This year, Cullumber leases a new piece of equipment from Marin. The lease term is 5 years and requires equal rental payments of $15,000 at the beginning of each year. In addition, there is a renewal option to allow Cullumber to keep the equipment one extra year for payment at the end of the fifth year of $13,000 (which Cullumber is reasonably certain it will exercise). The equipment has a fair value at the commencement of the lease of $78,375 and an estimated useful life of 7 years. Marin set the annual rental to earn a rate of return of 5%, and this fact is known to Cullumber. The lease does not transfer title, does not contain a bargain purchase option, and the equipment is not of a specialized nature. How should Cullumber Co. classily this lease?