30. To finance a business, you typically will have a combination of equity and debt. Suppose that you run a small business and can finance a major expansion with either an additional $1 million in equity from you (opportunity cost $100,000/year) or $1 million in debt at an annual interest rate of $60,000. The debt term is 5 years and it is a mortgage-style repayment, fixed amounts every year. If you fail to make a payment, you lose your business to the lender. Which option leaves you the greater flexibility in terms of taking chances over the next 5 years? Explain. Do you think that businesses with highly variable cash flow would favor this kind of debt? Explain