eBook Check My Work 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 $1.75 dividend per share (Dg $1.75). The stock's price is currently $22.00, its dividend is expected to grow at a constant rate of 8% per year, its tax rate is 25%, and its WACC is 13.00 %. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places 4.95 (% Hide Feedback 0 Incorrect 0 0 0