Assume JUP has debt with a book value of $21 million, trading at 120% of par value. The firm has book equity of $22 million, and 2 million shares trading at $18 per share. What weights should JUP use in calculating its WACC?

a) 37.06 for debt, 62.94 equity

b) 41.18 debt, 58,82 equity

c) 32.92 debt, 67.06 for equity d) 28.82 debt , 71.18 equity