Company A is a publicly trading firm and wants to acquire company B (company B is not in the same line of business and is a private firm). Company A has 80,000 shares outstanding and Company C, a publicly trading firm in the same line of business as Company B, has 35,000 shares outstanding and an equity beta of 1.8. Questions: (1.) When determining maximum share price that Company A should offer equity shareholders of Company B, do we divide the market value of the equity of Company B by the shares outstanding of Company A or the similar competitor Company C? (2.) For calculating WACC of company B, can you use the beta of Company C? Assume most other industries in their line of business are also private firms.