For Questions $4$ through $9,$ assume you are the manager of a venture capital fund, and a bank is offering to loan $$20$ million of the $$55$ million financing requirement. The after$-$tax cash outflows to service the bank debt are $$5,$ $$5,$ $$5,$ $$5,$ and $$10$ million in Years $1$ through $5,$ respectively. You are considering providing an equity investment for the remaining $$35$ million required by AFC.

$4.$ List three questions you might ask Dr$.$ Aplin in your meeting with him.