Which one of these is an example of a borrower in the financial markets?

Multiple choice question.

Ted's wants to open an additional retail outlet and plans to use its current excess cash to pay the initial opening costs.

Rich's is closing a manufacturing plant and plans to sell all the assets of that plant.

Sally wants to invest money for the next five years for an extended vacation.

Lester's wants to expand its operations but has insufficient cash to do so$.$