Attempts 0 Keep the Highest 0/1 6. Problem 10.11 (WACC and Percentage of Debt Financing) ebook Hook Industries's capital structure consists solely of debt and common equity. It can issue debeatre -10%, and its common stock currently pays a $2.75 dividend per share (Do $2.75). The stock's price is currently $28.75, is dividend is expected to grow at a constant rate of 8% per year its tax rate is 25%, and its WACC IS 13.60% What percentage of the company's capital structure consists of debt? Do not rotund intermediate calculations. Round your answer to two decimal places. Grade it Now Save & Continue Continue without saving