IV. Explain a ceiling price to a no 1c) Elaborate the application of project financing, particularly on large infrastructure projects. Also, highlight the key differences between corporate finance and project finance (10 marks Id) Infrastructure deficit is said to be a major growth constraint in developing countries. Describe the terms 'hard' and 'soft' infrastructure and discuss the crucial role of infrastructure in achieving any 4 of the 17 SDGs. [10 marks] 1e) Traditionally, procurement decision often focuses on the capital expenditure (CAPEX), and largely ignores the operational expenditure (OPEX) of the facility. Discuss why this is problematic, particularly in relation to sustainability (10 marks)