How would your answer to Question 17-7 change if the renewal was at the lessor's option? If rental during the second term was \(\$ 1\) per year instead of \(\$ 1,000\) ?

Data From Question 17-7:

Assume that a lessee signs a lease for a three-year term for \(\$ 1,000\) per year that has a renewal option at the lessee's option for a further three years for \(\$ 1,000\) per year.