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Assume that you are the CEO of a small, but growing, business and have decided that it is time to expand the business into new markets and products. You are considering financing the expansion in one of two ways: (1) contributing more of your own funds to the business, or (2) borrowing the funds from a financial institution. As the CEO of the business and for a presentation before the board of directors, identify the issues that you should consider when trying to decide on the method of financing for your expansion.
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Calculate the number of sweatshirts Henry's Hoodies must sell to break even. Round your answer to the nearest whole number.
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