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7. Problem 10.11 (WACC and Percentage of Debt Financing) ebook Hook Industries's capital structure contests solely of debt and common equity. It can issue debeat,

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7. Problem 10.11 (WACC and Percentage of Debt Financing) ebook Hook Industries's capital structure contests solely of debt and common equity. It can issue debeat, and its common stock currently pays a $3,75 vidend per shareDo - $1,75). The stode's price is currently $21.00, is dividend is expected to grow at a constant rate of 8% per year its tax rate: 25, and its WACC IN 15.00% what percentage of the company's capital structure consists of debt? Do not round Intermediate calculations Round your answer to two decimal places Grade it Now Save & Continue Continue without saying

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