Back to Assignment X Average / 1 Attempts 8. 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 atre - 12% and its common stock currently as a $1.75 dividend per share (Do - $1.75), The stock's price is currently $33.00, its dividend is expected to grow at a constant rate of % per year, its tax rate is 25, and its WACH 12.85%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal place % Grade it Now Save & Continue Continue without saving