3 You are considering investing in two businesses, both run by different cousins of yours. They are both restaurant businesses, about the same size. The only investors will be you and the entrepreneur, one of your cousins. Each restaurant business needs

£300,000. One cousin, Chloe, is offering a deal where you put in

£20,000 and she puts in £80,000, which is her entire savings, and she mortgages her house to raise a further £200,000. The other cousin, Delilah, offers you a deal where you put in £100,000, she puts in her time which she values at £80,000 and also £20,000 of her total of £80,000 savings, and the remaining money needed will come from a government grant (she has shown you solid evidence that the grant exists and she will get it). What is the difference between the interests of your cousins? Which is more closely aligned to yours? If you have a total of £120,000 to invest this year, what would you say to each cousin?