1. Assume that you own a Deluxe Spa Salon business that is so successful, you need toopen a second location. How will you determine whether or not this is a good idea? Inother words, what financial management tools do you have at your fingertips that you canuse to help you make this decision? Please explain your choices, and which tool youfeel would be most useful.2. Once you have decided to expand, how will you finance this endeavor? What are yourchoices? Please discuss each option and explain your choice.3. Finally, discuss what options you have for managing your cash flow. Which option ismost appropriate to your business and why?Use a minimum 1 outside resources to support your position, be sure to properly cite them using theAPA style with in-text cites.750 words Minimum.