Suppose you and your friends come up with a brilliant idea for designing and manufacturing electric vehicles. You are in charge of raising funds for this project. Draw up a financing plan and explain to your friends, who are engineers, and have no business background. Make reasonable assumptions to support your arguments. (Hint: here are some questions to consider: Whether you will raise funds through debt or equity and why? If debt, what type of debt, and if equity, what type of equity, and why? At the early stage of the company, what type of investors will you approach and why? In the long run, if the business is successful, what will you do?)