Shaffer Inc. is considering two alternatives to finance its construction of a new $5 million plant.
(a) Issuance of 500,000 ordinary shares at the market price of $10 per share.
(b) Issuance of $5 million, 8% bonds at par.
Instructions
Complete the following table. 
Definitions:
Resource Demand Curve
A graphical representation that shows the relationship between the price of a resource and the quantity of that resource that is demanded.
Wage Rate
The amount of money paid to an employee per unit of time, such as an hour or a week.
Hiring Workers
The process of employing individuals to perform tasks or services for a business or organization in exchange for compensation.
Shoe Shine Parlor
A storefront or establishment specializing in the cleaning, conditioning, and polishing of shoes.
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