FastFood Ltd. manufactures vending machines for schools. To meet the increasing demand, FastFood decided to build a new factory. The company requires 15 million to expand production. How do you think the process of raising this money will differ if FastFood borrows it from financial institutions versus raising it by way of a private placement? The process of raising this money will differ if FastFood borrows it from financial institutions versus raising it by way of a private placement because: (Select all the answers that apply.) A. Financial institutions, such as investment banks, provide expertise in the acquisition of funds. B. Once the bank agrees to the loan, the directors/company secretary can sign the loan agreement on behalf of the firm and the money will be released for the project in tranches as and when the construction progresses. C. Raising the money by private placement will require the firm to submit periodic reports of its business and financial health to its investor(s). D. In financial institutions, once an application for a loan is made, the bankers will conduct their credit rating and may ask for various details, including financial projections for the project and for the organization. E. Raising the money by private placement will require a broker to prepare its brochure with the details of the project and the details of the business and then contact investors. New shares will be issued to the new investor(s) and the payment for these shares will pay for the new project.