You're the director of new business acquisitions at Pearl's Famous Jam, Inc. and in late 2019 you received a preliminary 'tickler' from an investment banker regarding a target company represented by the investment banker. It asks whether you're interested and, if so, includes a Non-Disclosure Agreement ("NDA") that you can sign and return. Once received, you'll be given a detailed Confidential Information Memorandum ("CIM"). The company may be of interest to Pearl's Famous Jam, Inc. because it is a leader in a new, fast growing category in your industry, which otherwise is somewhat mature. The preliminary document includes the following summary of recent and projected financial performance: Revenues 2018 $4,000 2019 $6,000 P2020 $10,000 P2021 $14,000 P2022 $16,000 Projected EBITDA Margin % 10.0% 15.0% Free Cash Flow $100 $700 20% $1,800 20.% 20.0% $2,500 $3,000 The document also mentions that all manufacturing is conducted at a single facility, which is currently operating at 90% of capacity. As you review the document and make some preliminary calculations, a number of questions come to mind that you hope are answered to your satisfaction in the CIM, which of course you'll want to see. 1. What are those questions? 2. What observations or analysis gives rise the questions you wish to ask?