Langstaff Corp., a manufacturer of farm equipment is doing very well. Management is considering acquiring one of their smaller competitors. The finance department is analyzing 4 different financing alternatives: 1) Issuing $10 million of common shares. 2) Issuing $10 million in cumulative preferred shares with a yield of 3.5%. 3) Issuing $10 million of convertible debentures with a yield of 2.8%. 4) A one-year term loan from the companys bank at 5.5% with strict interest coverage ratios. Langstaff common shares are currently trading at $8/share on the TSX with a yield of 1.5%. The company currently doesnt have any preferred shares or convertibles outstanding. Discuss the advantages and disadvantages of each of the four financing options being considered from the companys perspective.