Question: Marie LeBlanc is considering adding drilling rigs to her fleet of workover rigs. The drilling rigs are significantly more expensive and will require Ms. LeBlanc

Marie LeBlanc is considering adding drilling rigs to her fleet of workover rigs. The drilling rigs are significantly more expensive and will require Ms. LeBlanc to consider raising additional capital. She has a choice of debt or equity or a mix of the two. How would you, as her CFO, explain the factors of flexibility and timing on the mix between the debt and equity capital?

P.S. Please provide a reference. Thanks

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