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You own your own firm, and you want to raise $60 million to fund an expansion. Currently, you own 100% of the firms equity, and
You own your own firm, and you want to raise $60 million to fund an expansion. Currently, you own 100% of the firms equity, and the firm has no debt. To raise the $60 million solely through equity, you will need to sell three-fifth of the firm. However, you would prefer to maintain at least a 50% equity stake in the firm to retain control. How much (of the $60 million needed for expansion) should you borrow to retain 50% equity stake
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