Which of the following statements is correct regarding the case study "Nike Inc: Cost of capital"? I. Joanna is correct when taking total interest expenses for the year 2001, dividing it by the firm's average debt balance and adjusting for taxes to estimate the cost of debt for Nike. II. The cost of equity estimates for Nike from the Dividend Discount Model and Earning Capitalization should be used instead of the one from the CAPM because these estimates are smaller, hence more conservative. III. Joanna's approach to estimate the weight for Nike's equity to be used in the WACC formula is wrong because she used the book value of equity instead of the market value. O A. I and II only O B. I and III only O C. III only OD. I, II and III O E. None of the choice combinations in A., B., C. and D. are correct