Assume JBH Has Debt with a Book Value of $20

Assume JBH has debt with a book value of $20 million, trading at 120% of par value. The firm has book equity of $20 million, and 2 million shares trading at $18 per share. What weights should JBH use in calculating its WACC?

A) 40% for debt, 60% for equity
B) 45% for debt, 55% for equity
C) 50% for debt, 50% for equity
D) 36% for debt, 64%% for equity