The company has to finance its projects by internal accrual in 9 months and has surplus cash available

The following conditions the company will analyze before investing its surplus cash for nine months

• The liquidity of the asset class near to cash or cash equivalents
• The least risky or risk-free assets

In the current scenario, the treasury bills have a shorter maturity period and treated as risk-free or least risky assets class to invest

The firm will probably want to invest this surplus in U.S. Treasury bills