Question 8 4.5 pts A company has $1 million in cash on its balance sheet and is burning $100k a month for the foreseeable future. At this rate, assuming no additional financing is raised, how long can the company operate before it runs out of cash (OOC)? 20 Months 100 Months 10 Months 50 Months Couple weeks Question 9 4.5 pts For a firm burning cash with limited cash reserves, what are the firm's options to extend its viable life? Negotiate easier payment terms with its suppliers Buy back its own stock Decrease its margins Pay off its long term debts Pay off its short term debts