Your boss states, Our lenders just told me that we can borrow another $10 million dollars today, but if we do we will have exhausted our debt capacity. Even though borrowing more will allow us to shield more income from taxation, I think we should refrain from more borrowing now. Your bosss statement makes the most sense if she is concerned about:

Maintaining financial flexibility for the future

Signaling the quality of the firms projects to investors

Both of the above

None of the above