The Halifax Corporation Has 70% of Its Capital Structure in the Form

Multiple Choice

The Halifax Corporation has 70% of its capital structure in the form of equity capital.$150,000 in capital needs to be raised for a project but only $30,000 in funds is available through retained earnings.How much must be raised through common stock to maintain Halifax Corporation's capital structure?

A) $105,000
B) $75,000
C) $120,000
D) $21,000