Suppose that shares in Tasty Bites Pizza, Inc., are trading for $46 per share, with 6 million shares outstanding. If the firm also has 12,000 bonds outstanding and they're selling at 97 percent of par, what are the firm's current capital structure weights?
A. Equity 85.15 percent; debt 14.85 percent
B. Equity 4.05 percent; debt 95.95 percent
C. Equity 14.85 percent; debt 85.15 percent
D. Equity 95.95 percent; debt 4.05 percent