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Given the following data for Golf Corporation: market price/share = $13; Book value/share = $10; Number of shares outstanding = 100 million; market price/bond =

Given the following data for Golf Corporation: market price/share = $13; Book value/share = $10; Number of shares outstanding = 100 million; market price/bond = $900; Face value/bond = $1,000; Number of bonds outstanding = 1 million; Calculate the proportions of debt (D/V) and equity (E/V) for the firm that you would use for estimating the weighted average cost of capital (WACC): Please show the work. Thanks

A. 40% debt and 60% equity

B. 50.8% debt and 49.2% equity

C. 40.9% debt and 59.1% equity

D. none of the given values

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