25-54 Which of the Following Transactions Meets the Legal Definition

25-54 Which of the following transactions meets the legal definition of a highly leveraged transaction (HLT) ?

A) A buyout that increases debt from $100 million to $150 million resulting in a 25 percent leverage ratio.
B) An investment project that increases debt from $100 million to $250 million resulting in a 55 percent leverage ratio.
C) An acquisition that increases debt from $100 million to $250 million resulting in a 5 percent leverage ratio.
D) An acquisition that increases debt from $100 million to $150 million resulting in a 70 percent leverage ratio.
E) An investment project that results in an 80 percent leverage ratio.