Your friend has a business that is growing and they are in need of expansion.To expand they need money to purchase additional equipment and maybe space.Your friend has come to you as an accounting student to ask your opinion as to whether they should borrow money from the bank to expand or should find additional stockholders who would buy stock in the business.Your one page professional business memo should address the pros and cons of each of the financing options and how each choice would affect the future of the business.You do not necessarily need to recommend a decision but you should be clear enough about the consequences that your friend can make a good decision.We will assume that both options are available.If you use sources other than what you have learned in class you will need to provide a citation using whatever method you choose.