6. Problem 10.11 (WACC and Percentage of Debt Financing) Hook tndustries's capital structure consists solely of debt and common equity. It can issue debt at rd =945, and its common stock currently pays a 52.25 dividend per share (Do = 12.25). The stock's phice is currently 324.25, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 25%, and its whcC is 15.0045. What percentage of the company's cocital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal ploces