Morgan Corporation Has 60% of Its Capital Structure in the Form

Multiple Choice

Morgan Corporation has 60% of its capital structure in the form of equity capital.$200,000 in capital needs to be raised for a project but only $50,000 in funds is available through retained earnings.How much must be raised through common stock to maintain Morgan Corporation's capital structure?

A) $70,000
B) $50,000
C) $120,000
D) $90,000