$13)$ Refer to figure $2$:

You are a capital$-$intensive startup asking for an investment$/$funding$.$ Your start up includes the following:

Purchase of Land: $$400,000$

Construction: $$55,000$

Purchasing of Equipment & inventory: $25,000$

Installation of Electrical & Plumbing: $10,000$

Marketing$/$Advertising: $1,000$

Hiring$/$Training Staff: $50,000$

Should you ask for equity financing or convertible note, and how much should you ask for? Explain your answer $($explain why does one form of funding works for your startup while the other does not$).$