Grapes Pty Ltd owns a number of wineries in Victoria and Tasmania. Their wines have experienced recent growth in demand and the directors of the company need advice on the different capital raising options which are open to the company. Write a memorandum of advice which:

(a) identifies three ways the company can raise capital [3 marks]; and

(b) advises on the advantages and disadvantages of each of these forms of capital raising [7 marks].