The first development project in the US was selected by the company. The financing of the machine required for production (acquisition cost of 160,000, depreciation over 5 years) can be provided by the company's partner bank. The latter, however, is studying a loan offer which it considers interesting, and which would allow it to maintain a certain financial flexibility.

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Debt financing: Amount of the loan: 160,000; duration: 5 years; repayment by constant amortization; rate nominal: 2%; Application fees: 1% of the amount borrowed.

Lease financing: Duration of contract: 4 years; Guarantee deposit paid on subscription: 12,000, recovered at the end of the contract Annual fee paid at the start of the period: 36,000; Price of the exercise of the purchase option: 24,000. In the event of recourse to leasing, the company plans to exercise the purchase option at the end of the rental period and use the equipment until the end of its useful life. You will retain a corporate tax rate of 33.1 / 3%.