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Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at fo = 11%, and its commion stock curtently pays a $3.00 dividend per chare (D0=$3.00). The stocks price is currently $25.00, its dividend is expected to grow at a constant rate of 4% per yeac, its tax rate is 25%, and its WAcC is 15.05%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations, flound your answer to two decimal places. 4