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ou own your own firm, and you want to raise $50 million to fund an expansion. Currently Wn 1009% of the firm's equity, and the

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ou own your own firm, and you want to raise $50 million to fund an expansion. Currently Wn 1009% of the firm's equity, and the firm has no debt. To raise the $50 million solely through equity, you will need to sell two-thirds of the firm. However, you would prefer to maintain at least a 50% equity stake in the firm to retain control. Assume perfect capital markets a. How could you (the owner) raise the necessary funds without giving up control of the firm? b. What is the smallest amount you can borrow to raise the $50 million without giving up control

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