Max Co$.$ Leased a non$-$specialized equipment to Mike Co$.$ for an eight $-$ year period, at which time possession of the equipment will revert back to to Max. The equipment cst Max $$16$ million and has an expected useful life of $12$ years. Its normal sales price is $$22\mathrm{.}4$ million. The present value of the lease payments for both the lessor and lessee is $$20\mathrm{.}6$ million. The first payment was made at the begining of the lease. How should Mike classify this lease? a$.$ Operating Lease b$.$ Finance lease c$.$ Sales$-$type lease with a selling profit d$.$ sales$-$type lease without a selling profit