Some years ago, golf writer Doug Ferguson posted one of the first photos of Condoleezza Rice in her green jacket. The accompanying tweet read, "Condi looking rather dapper in green."
I don't think there are many women out there... and correct me if I'm wrong... who'd take kindly to being called dapper. To me it's a word you'd use to a describe stylish elderly gentleman, and quite frankly the basic green jacket that corresponds to Augusta National and the Masters is somewhat boxy and quite masculine looking.
That said, there are many other ways to wear a green jacket, and with a bit of inspiration from Pinterest and Tumbler it shouldn't be hard to come up with something more stylish. However, if you're heading to Augusta National in your emerald frock, you'll probably want to adhere to the tenants of a not-overly-sexy, not-in-any-way sloppy, golf casual aesthetic. This basic dress code leaves plenty of room for sartorial creativity and will ensure that you avoid unwelcome consternation on the part of more traditional patrons.