One of Clean Water Ltd related companies, Delta Ltd specializes in serving and repairing water filters. Its latest sheet shows the following financial fig:

Current asset $800,000, Account receivable $250,000, Fixed asset $1,200,000, Account payable $300,000, Long term loan $200000, Capital $500,000.

(a) determine the amount of long-term financing that delta ltd will require from the bank. (3marks)

(b) suggest any 2 types of financing that Delta Ltd can use to meet its long term financing need.