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    Lin Climax

    The directors of M &R plc wish to expand the company’s operations. However, they are not prepared to borrow at the present time to finance capital investment. The directors have therefore decided to use the company’s cash resources for... more
    The directors of M &R plc wish to expand the company’s operations. However,
    they are not prepared to borrow at the present time to finance capital investment.
    The directors have therefore decided to use the company’s cash resources for the
    expansion programme.
    Three possible investment opportunities have been identified. Only £600,000 is
    available in cash and the direct