Fly Wagons Inc

Fly Wagons Inc.and Esca Motors Inc.are competing to acquire Charge Tool Inc.,a spark plug manufacturing company,which is worth $5 million.Esca Motors quotes a bid of $10 million to acquire the company,and Fly Wagons quotes a bid of $20 million.In this scenario,which of the following approaches should be adopted by Fly Wagons for the acquisition?

A) Fly Wagons should submit a bid of $30 million.
B) Fly Wagons should drop the deal.
C) Fly Wagons should continue bidding till Esca Motors gives up on Charge Tool.
D) Fly Wagons should double the bid amount.