Which of the following statements is correct regarding the case study "Nike Inc Cost of capital? 1. The cost of equity estimates for Nike from the Dividend Discount Model and Earning Capitalization are less likely to be correct compared to the one from the CAPM because these estimates are less than the cost of debt. II. Joanna's approach to estimate the weight for Nike's equity to be used in the WACC formula is incorrect because she used book value of equity instead of market value. III. 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. Select one: A. I and II only B. I and III only C. II and III only D. I, II and III E. None of the answers in A., B., C. and D. are correct