Jenny is a chief financial officer (CFO) of JJ Corp., was reviewing her presentation one last time before her upcoming meeting with the board of directors. JJ's business had been brisk for the last two years, and the Company's CEO was pushing for a dramatic expansion of the company production capacity. Executing the CEO's plans would require RM3 billion in capital in addition to RM2 billion in excess cash that the firm had built up. Jenny's immediate task was to brief the board on options for raising the needed RM3 billion. Unlike most companies its size, JJ had maintained its status as a private company, financing its growth by reinvesting profits and, when necessary, borrowing from banks. Whether JJ could follow that same strategy to raise the RM3 billion necessary to expand at the pace envisioned by the company's CEO was uncertain, though it seemed unlikely to Jenny. She had identified two options for the board to consider and asking your opinion as a treasurer of JJ to analyse for these two options: