using this document, answer questions a & b

The new Directors of All Build Pty Ltd are contemplating expanding their machinery assets to include a mid-sized excavator weighing 17 tonnes for a price of $160,000 delivered. They wish to add this new purchase amount to their existing $500,000 Fully Drawn Loan listed inside their Business Plan. (a) Consider the various methods a business can obtain finance funding and write between fifty and one hundred (50-100) words explaining if this option of financing the excavator by adding the $160,000 to the existing $500,000 Fully Drawn Loan can be done or not. Answer (b) What would be the finance option you would recommend to the Directors for the purchase of the excavator. Explain your answer using financial calculations to back up your recommendation