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6. Problem 10.11 (WACC and Percentage of Debt Financing) ips ebook Hook Industries's capital structure consists solely of debt and common equity. It can issue

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6. Problem 10.11 (WACC and Percentage of Debt Financing) ips ebook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at 12% and its common stock currently pays a $3.25 dividend per share - $3.25). The stock's price is currently $32.75, is dividend is expected to grow at a constant rate of 9 per year its tax rate is 25%, and its WACC in 12.50%. What percentage of the company's capital structure consists of debt? Do not found intermediate calculations. Round your answer to two decimal places, Tips DU Sols

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