Please help me solve parts a through c and explain each step clearly.

Debt lrrelevanoe. River Cruises [see Section 16.1) is ail-equity-nsneed with 100,000 shares, It non.r proposes to issue $250,000 of bonds and use the proceeds to repurchase 25,000 shares, Suppose an investor currently holds 1,000 shares in the company but is unhappy with its decision to borrow $250,000. Which of the following modications to her mun investment portfolio would offset the effects of the Fn'nt's additional borrowing? (LOI-I) a. Borrow $250 on her onm account and use the cash to buy additional River Cruises' shares. 1:. Raise $250 by selling River Cruises' shares and use the cash to buy the company's debL e. Keep her current holding of River Cruises' shares and borrow $250 to invest in the compo ny's bond issue. TABLE 1 5.2 River Cruises is entirely equity-nanced. Although it expects to have an income of $125,000 in perpetuity, this income is not certain. This table shows the return to the stockholder under different assumptions about operating income. We assume no taxes. Number of shares Price per share Market value of shares Operating Income Earnings per share Return on shares 100,000 $10 $1 million Slump State of the Economy Normal Boom $125300 $175000 $1.25 $1.75 12.5% 115% Expected outcome