Liz graduated with a diploma in computer science with a specialty in programming. She worked for several years for a well-known software company but felt her full talents were not being used. On her own time she has been working on some very sophisticated communication software that is likely to be better than anything currently on the market. She has written a business plan and figures the development costs to bring the product to market and market it will be about $600,000 she currently owns an apartment leases a car and is still ripping her student loan. She still needs some advice on how to finance the venture. Advise her.

What kind of financing should the client choose for her business, debt or equity and why? Explain with reference to the fact scenario