Jason worked in a deli for five years before starting his own sandwich delivery store. The business has been quite successful for two years. The quality of the service and the sandwiches has caused an increased demand for his products. Jason now thinks he needs to buy more cars to deliver the sandwiches. He is trying to determine the most appropriate way of financing the acquisition of two cars.
a. What methods of financing should Jason consider?
b. What information will Jason need to help make his decision?
c. How might the financing decisions change if Jason also decided to open another store at a new location?