Company A is considering the acquisition of Company B, a private company with a reported net income of $10 million in 2022. Company B is a biotech company. There are two publicly traded firms of similar size to Company B, that company A considers "pure plays". These are: Company X (end of 2022) Market value of equity: $500 million Net Income: $8 million Company Y (end of 2022) Market value of equity: $600 million Net Income: $12 million.