Zenith Engineering enters into a five$-$year lease for specialised manufacturing equip$-$

ment. Under the lease terms, Zenith has the option to purchase the equipment at the

end of the lease for $$100,000.$ This price was determined and fixed at the inception of

the lease, regardless of the asset$$s market value at lease expiry. Which of the following

describes the lease based on its end$-$of$-$term provision? $($Choose the best answer.$)$

$($a$)$ Fair market value lease

$($b$)$ Finance lease

$($c$)$ Fixed price lease

$($d$)$ Fair market value cap lease