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You are on the Board of Directors of Old Town Industries, which has three operating divisions Division X has been in existence the longest, has

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You are on the Board of Directors of Old Town Industries, which has three operating divisions Division X has been in existence the longest, has the most stable sales wherein it sells pens that it manufacturers around the world, but its biggest customer is England Division Y has been in existence for five years and is slightly less risky than the overall firm, but that division sells pens to the US government who loves their pens, but can only give 1 year contracts. Division Z is the research and development side of the business. This division has just filed patents for a new type of pen that can write on every smart screen phone with a simple app that can be downloaded from the Apple Store or Google Play. The Board is considering raising $10,000,000 as debt or equity....The firm's WACC is very sensitive to inflation in the US Given all of the above, what would you suggest that the company do

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