$8\mathrm{.}1.$ Corinth Co$.$ leased non$-$specialized equipment to Athens Corporation for an eight$-$year period, at which time possession of the equipment will revert back to Corinth. The equipment has an expected useful life of twelve years, and a fair value of $$22\mathrm{.}4$ million. The present valu of the lease payments for both the lessor and lessee is $$20\mathrm{.}6$ million. Which of the following statements is correct?

A$.$ This is a finance lease.

B$.$ This is an operating lease.

C$.$ This is a short$-$term lease.

D$.$ This can be either a finance lease or an operating lease.