Read the extract below and answer the questions IE is a small private limited company that manufactures mechanical components. It customers are other businesses that manufacturers domestic appliances like washing machines and fridges. EI's financial records are as follows at the moment" Raw material $18 Finished goods inventories $12 Trade receivable -over 60 days $4 Trade receivables over 30-60days $8 Trade receivables under 30 $30 Bank balance $14 1. Why would directors not consider using current cash balance to finance the new machine they want to buy, 2. What is the limitation of reducing raw material inventories 3. Why is reducing the level of finished goods not a good idea in order to finance the machine 4. How can directors raise $14000 from within working capital