Debbie owns some investment land that she purchased 10 years ago for $12,000. The land consists of two adjoining lots recently appraised at $80,000. She needs $40,000 cash for another investment opportunity and is considering two alternatives:
(1) Sell half of the land for $40,000.
(2) Borrow the $40,000 by taking out a mortgage on the land. Discuss the advantages and disadvantages of each alternative. What do you think Debbie should do?