Question 3 Balancing Act Inc. has 10M shares outstanding, each priced at $20. Find the firm's debt/value ratio to be used to calaculate its wacc, if the balance sheet is as follows: Balance Sheet: Liabilities and shareholders equity ($MM) Accounts payable 20 30 Accrued expenses Loans payable 40 Short-term notes 50 140 Total current liabilities Long-term debt 100 Total liabilities 240 Shareholders Equity 570 Total liabilities and shareholders equity 810 O 0.25 O 0.57 O 0.49 O 0.45 O 0.38