Q1. (a) In view of the sluggish trading of Hong Kong stocks and the expectation of interest rate hike in the first half of 2022,XYZ developer has difficulty in obtaining funds for the recent commercial development project in Hong Kong's Caroline Hill. The land was acquired at the end of 2021 for HK $19.778 billion. (i) Briefly describe the sources of finance available to the developer. (ii) In the choices of debt financing or equity financing available, suggest SIX (6) factors that the developer would consider in making the choices. (iii) In your answer 1(a) (i), which sources of finance do you think is most suitable to the developer, please use not less than 100 words to explain your answer. (b) Hong Kong government adopts Modular Integrated Construction (MiC) technique (6 marks ) in construction projects. Discuss MiC technique in detail.