||Jumpin Jehosa Phats was incorporated on January 1, 2012 and a year later it needs $10,000,000 to expand operations. JJ Phats is the sole shareholder of the corporation. The is considering three methods to raise the capital: Issuing common shares at FMV Issuing preferred stock with par = $1000 Issuing 10 year bonds with par = $1000 You have been hired to determine the best way for the company to obtain the funds needed which might be a single method or combination of methods. Using the following information, discuss the pros and cons of each method and provide necessary calculations to support the position you recommend. The company is authorized to issue 1,000,000 shares with a of $1.00 On January 1, 2013 an appraisal of the company indicates that it has a current value of $25,000,000. On January 1, 2013 current interest rates are 3.5% APR and rising. On December 1, 2012 the competition (Leapin Lizards Inc) issued 10,000 ten year cumulative preferred shares with par = $1000 at 3.4%.