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You own your own firm, and you want to raise $35 million to fund an expansion Currently, you own 100% of the firm's equity, and

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You own your own firm, and you want to raise $35 million to fund an expansion Currently, you own 100% of the firm's equity, and the firm has no debt. To raise the $35 million solely through equity, you will need to sell two-thirds of the firm. However, you would prefer to maintain at least a 50% equity stake in the firm to retain control, a. If you borrow S15 million, what fraction of the equity will you need to sell to raise the remaining $20 million? (Assume perfect capital markets.) b. What is the smallest amount you can borrow to raise the $35 million without giving up control? (Assume perfect capital markets.) a. If you borrow $15 million, what fraction of the equity will you need to sell to raise the remaining $20 million? (Assume perfect capital markets.) You will need to sell % of the equity. (Round to one decimal place.) b. What is the smallest amount you can borrow to raise the $35 million without giving up control? (Assume perfect capital markets.) The smallest amount you can borrow to raise the $35 million without giving up control is $ million (Round to one decimal place)

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