a) You need finance to expand your rapidly growing business. Describe two (2) advantages AND two (2) disadvantages of raising capital through private equity (2 marks) b) Other than private equity, identify and describe three (3) alternative sources of finance you could explore to raise capital. Provide recent examples of 'real world capital raising activities to support your answers (6 marks) c) Two firms are looking to borrow funds from a commercial bank for 10 years. Snow Ltd has an exceptional credit rating and can borrow at the prime rate. On the other hand, due to some financial distress recently encountered during COVID-19, Hound Ltd's credit rating is prime +3. The current prime rate is 3.25%, the 30-year Treasury bond yield is 2.31%, 10-year Treasury bond yield is 1.61%, and the 3- month Treasury bill yield is 0.11%. i. What is Snow Ltd's loan rate? (1 mark) What is Hound Ltd's loan rate? (1 mark)