apital structure con- 0.and its common 10-11 WACC AND PERCENTAGE OF DEBT FINANCING Hook Industries's capital struc sists solely of debt and common equity. It can issue debt at r, = 11%, and its stock currently pays a $2.00 dividend per share (D = $2.00). The stock's price is a $24.75, its dividend is expected to grow at a constant rate of 7% per year, its to 35%, and its WACC is 13.95%. What percentage of the company's capital structure s tax rate is sists of debt