Question: Java Hut leased a specialty espresso machine for a 8 - year non - cancelable term. At the end of the 8 year term, Java
Java Hut leased a specialty espresso machine for a year noncancelable term. At the end of the year term, Java Hut has four consecutive oneyear renewal options. A replacement machine can be acquired, but due to an expensive installation process and Java Hut's lease term for its store, Java Hut expects to lease the machine for years. What is the lease term?
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