Which finance method from Section A is best for this company and provide a brief explaination of why?

Section A

1. Long-term bonds

2. Common Stock: nonrights

3. Preferred stock (nonconvertible)

4. Factoring (Factoring is the selling od a firm's accounts receivable)

Company

Teller Pen is engaged in the manufacture of mechanical pens and pencils, porous pens, and recently developed line of disposable lighters. Since the firm sells to a great many distributors, and its products are all considered nondurable consumer goods, sales are relatively stable. The current price of he company's stock, which is listed on the New York Stock Exchange is $25. The most recent earnings and dividends per share are $3.10 and $1.50 respectively. The rate of growth in sales, earings, and dividends in the past few years has average 5 percent. Teller Pen has total assets of $400 million. Current liabilities, which consist primarily of accounts payable and accurals, are $28 million; long-term debt is $83 million; and common equity totals $289 million. An additional $33 million of external funds is required to build and equip a new disposable-lighter manufacturing complex in central Ohio and to supply the new facilty with working capital.