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Suppose you are the owner of a small woodworking business that is privately incorporated. You currently own 100% of the business (equity valued at
Suppose you are the owner of a small woodworking business that is privately incorporated. You currently own 100% of the business (equity valued at $100,000), with no long term debt. You are looking to purchase a new piece of equipment costing $10,000 that will require funds that you do not have available. In your initial post, address the following: How would you choose to finance the equipment? Explain the reasoning behind your decision including cost, availability and attributes of various sources. When responding to your poors make a counter argument to their rescoping and do it:
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