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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 $100,000),

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. How would you choose to finance the equipment?

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