Assume you are the CFO of a mid-sized tech company. The company is planning a significant expansion and needs to raise $500 million. Market conditions are currently favorable for tech investments, but interest rates are on the rise. The company's goal is to sustain rapid growth over the next three years, with an eventual IPO in mind. Evaluate and recommend whether the company should primarily raise this capital through debt or equity. What are the key factors you would consider, and walk me through your decision-making logic.