During the last few years, many companies have suffered major trading losses because of the poor economic climate. Assume your firm has found itself in this situation and is considering a major redevelopment investment to exploit growth opportunities. Due to large losses incurred in recent years, your firm has significant tax loss carry-forwards, which means that it does not need to pay any tax for 3 years. Should you use debt or equity to finance the firm's redevelopment investment? Explain your choice.