Business risk has brought myriad questions from three new independent board members. Discuss operating and financial risk in the context of your projected (i.e., 20152020) economic, market, and business cycle for this brewer of high-end craft beers. What factors weigh in on the optimal capital structure if annual growth is projected to exceed 18%, free cash flow is negative, and the debt/equity ratio is 100%? Be as specific as needed.