TCB Capital Markets has been approached by a company to raise equity for the expansion of its business in Jamaica. The company is currently listed on the Jamaican Stock Exchange. The sum the company wants to raise is a net of J$800 million. As an advisor at TCB, explain to the client the options that are available to the company to distribute the new securities, and calculate the cost of each option. Assume a floatation cost of 2%; legal fees of J$2 million; and auditors fees of J$3 million; commission of 2.5%. The new issue will be sold for J$1.20 per stock, and there is a syndication fee of 5%. The par value of the stock is J$1.00. Make any other assumptions that are reasonable.