A business faces three major issues when selecting an appropriate source of finance for a new project (Jay 2003): 1. Can the finance be raised from internal resources or will new finance have to be raised outside the business? 2. If finance needs to be raised externally, should it be debt or equity? 3. If external debt or equity is to be used, where should it be raised from and in which form? EQUITY FINANCE. There are two main …showed first 75 words of 1576 total…

…showed last 75 words of 1576 total…B. (2003) Corporate Financial Management 2nd ed., Harlow: Financial Times Prentice Hall. TILEY, J. & COLLISON, D. (2003) Tiley & Collison's UK Tax Guide 2003 - 2004 London: Butterworths Tolley. WHITEHOUSE, C., WATSON, L., NARAIN, L. & LEE, N. (2003) Revenue Law -Principles and Practice 21st ed. London: Butterworths Tolley. WATSON, D & HEAD, A (2001) Corporate Finance: Principles & Practice 2nd ed., Harlow: FT Prentice Hall. WATTS, B. (1997) Business Finance 8th ed. London: Pitman Publishing.