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9. WACC and percentage of debt financing EBOOK Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at re=10%,

9. WACC and percentage of debt financing image text in transcribed
EBOOK Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at re=10%, and its common stock currently pays a $4.00 dividend per share (Do- $4.00). The stock's price is currently $31.50, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 25%, and its WACC Is 13.35%. What percentage of the company's capital structure consists of debt? Do not round Intermediate calculations. Round your answer to two decimal places

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