Explain the key difference between being an equity investor (as in question 4) and sub /mezz debt (as in question 5). (3 marks) What is the risk in having an equity investor from an operations standpoint, as well as from an exit strategy (i.e. if the owners decide in the future to sell the company)? (3 marks) What is the benefit of have an equity investor? (2 marks) What is the benefit of not having an equity investor, rather financing this project with debt? (2 marks)