Attempts Average/1 7. 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 debt at ra 10%, and its common stock currently pays a $3.00 dividend per share (Do $3.00). The stock's price is currently $21.00, its dividend is expected to grow at a constant rate of 8% per year, its tax rate is 25%, and its WACC is 12.35%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. % Grade it Now Save & Continue Continue without saving