Question $10(1$ point$)$

$($JMI$)$ is a company that builds custom$-$designed metal$-$cutting machinery. JMI's minimum sales contract is typically for $$1$ million and many sales contracts are in excess of $$5$ million. It generally takes eight to $16$ months to complete a sales contract. What type of short$-$term financing is the most attractive for this company?

a$)$ Customer advances

b$)$ Line of credit

c$)$ Term loan

d$)$ Common shares