A company's capital structure consists solely of debt and common equity. It can issue debt at 10%, and its common stock currently pays a $2.62 dividend per share. The stock's price is currently $27.50, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 25%, and its WACC is 15.30%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round final answer to 2 decimal places and include the %.