Check my work eBook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt atre - 8%, and its common stock currently pays a $3.00 dividend per share (Do - $3.00). The stock's price is currently $31.25, its dividend is expected to grow at a constant rate of 6% per year, its tax rate is 25%, and its WACC is 14.05%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. % . O Check My Work