1. How do you think the company should finance its expansion programme, with debt or equity?

Leisure Time plc is a UK FTSE 250 company involved in the leisure sector.
Its operations include the ownership and management of:
It has recently made two acquisitions. One is a company that operates health clubs in the Far East, and the other a company operating budget hotels in Europe. Leisure Time plans to develop its existing businesses primarily in Europe and the Far East. The...........