10-11 WACC AND PERCENTAGE OF DEBT FINANCING Hook Industries's capital structure con- sists solely of debt and common equity. It can issue debt at r.-11%, and its common stock currently pays a $2.00 dividend per share (D $%2.00). The stock's price is currently $24.75, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 35%, and its WACC is 13.95%. What percentage of the company's capital structure con- sists of debt