Bill Bowerman becomes Phil Knight's business partner in $1964.$ After negotiations with an attorney, what percent of the business does Bowerman own and what percent of the business does Phil Knight own?

Group of answer choices

Bowerman owns $30\%,$ Knight owns $70\%$

Both Bowerman and Knight own $50\%$ of the company

Bowerman owns $40\%,$ Knight owns $60\%$

Bowerman owns $49\%,$ Knight owns $51\%$