(a) Identify the differences between debt financing and equity financing. (6 marks) (b) Some large property developer groups in mainland China are recently (7 marks) experiencing difficulty in obtaining sources of finance. They are said to be highly leveraged and rely heavily on short to medium term debt financing. Discuss the merits and threats of using debt financing for property development projects. (c) Modular integrated construction (MiC) technique is gaining (4 marks) popularity in Hong Kong. Some projects like Quarantine camp in Penny's Bay and Kaide Fangcang Shelter hospital are using this technique. Define MiC. Explain the differences between Prefabrication components and (8 marks) MiC