Pevaner leased a machine for a ten$-$year non$-$cancelable term. Aa the end of the ten$-$year sems. Pevaner has five conseculive oseyear renewal sptions. A replacement machine can be acquired at the end of the term for the leased machine, but due so an expensive instaliation process and Pevaner's lease term for its store, Pevaner expects so leate the machine for $12$ years. What is the lease term?

Multiple Choice

$10$ yeas

$11$ years

$12$ years

$15$ years