Which finance method should be used from Section A for this company and provide a brief explanation of why?

Section A 1. Long-term bonds 2. Common stock: right offering 3. Preferred stock: (nonconvertible) 4. Factoring (Factoring is the selling of a firm's accounts receivable)

Company

Ripe and Fresh Canning Company is a large operation located in Valdosta Georgia, that purchases peaches and other fruits from farmers in Georgia, Florida, South Carolina, Alabama, and Kentucky. These fruits are then canned and sold on 60-day credit terms, largely to food brokers and small retail grocers in the same five state area. The company's plant and equipment have been financed in part by a mortgage loan, and this is the only long-term debt. Raw materials (fruits) are purchased on terms calling for payment within 30 days of receipt of goods but no dicounts are offered. Because of an increase in the popularity of vegetables and fruits, canned fruit sales have increased dramatically. To finance a higher level of output to take advantage of this increase demand. Ripe and Fruit will need approximately $550,000.