Discuss how you would expect the financing choices of the following firms to differ, and explain the reasons for the differences.

(a) An early-stage R&D venture, compared to an established venture that is generating revenue.

(b) A venture with revenues that are growing very rapidly, compared to a venture with revenues that are growing at the inflation rate.

(c) A venture that is highly profitable and growing, compared to a venture that is growing at a similar rate but has not yet achieved profitability.

(d) A venture that is organized as a C corporation, compared to one that is organized as an S corporation.

(e) A venture that is being undertaken by an entrepreneur who has a significant track record of new venture successes, compared to a venture that is being undertaken by an entrepreneur with no previous new venture experience.

(f) A venture that requires large investment in tangible assets, compared to one whose assets are all intangible.