Q7. A private technology company, ABC, operates in a competitive market where firms in the industry sell similar products. It needs to constantly invest and innovate to keep its products attractive to its customers. The CEO therefore is considering an initial public offering (IPO). She believes the IPO may help the company along several dimensions. Some board members are against the IPO proposal, citing uncertainty in the market and higher inflation as major concerns. Please discuss both sides of the argument and provide your recommendation. (10 points)