Click here to read the eBook: Basic Definitions Click here to read the eBook: The Cost of Retained Earnings, rs WACC AND PERCENTAGE OF DEBT FINANCING Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd-8%, and its common stock currently pays a $2.00 dividend per share (Do $2.00). The stock's price is currently $32.50, its dividend is expected to grow at a constant rate of 8% per year, its tax rate is 40%, and its WACC is 12.25%. what percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places