You have a new start-up firm. You think that the value of your start-up is around $60 million, but you will need to do a serious NPV analysis before you know the precise value. You are planning to have a 50% debt-to-value ratio, and that you will continuously rebalance to maintain this leverage. You have information on two other companies. The names of these companies are Comp A and Comp B. Comp A has the same business risk as your start-up but different financial leverage. Comp A is continuously rebalancing its leverage to maintain a 30% debt-to-value ratio. Comp As equity beta is 1.5 and the debt beta is 0.5. CompAs most recent annual sales figure was $3 million. Comp As total market value (debt + equity) is $10 million. Comp B has the same leverage as your start-up (50% debt-to-value ratio) and operates in a different line of business than your start-up. Comp B is also continuously rebalancing its leverage. Comp Bs equity beta is 2 and the debt beta is 0.7. CompBs most recent annual sales figure was $8 million. Comp Bs total market value (debt + equity) is $60 million. The market risk premium is 10% and the risk free rate is 3%. The tax rate is 30%. Your cost of debt (expected return on debt) will be 4%. What is your best estimate for the equity beta of your start-up? What is the WACC for your start-up?