Question 21 You are trying to value a private company. The company has 4 million of debt and 4 million of book equity. The ratio of market value to book value for similar firms is 2.YOM decide to use this ratio to estimate the market value of equity. The average beta for publicy traded firms in the same industry is 1.44, and the average dette equity for public firms in this industry is 04. The corporate tax rate is 30. What is your estimate beta of this private company