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eBook Hook Industries's capital structure consists solely of debt and common equity it can issue debt at 12%, and its common stock currently pays a

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eBook Hook Industries's capital structure consists solely of debt and common equity it can issue debt at 12%, and its common stock currently pays a $2.25 dividend per share (D - $2.25). The stocks price is currently $30.00, its dividend is expected to grow at a constant rate of 9% per year, its tax rate is 35%, and its WACC IS 14.65%. What percentage of the company's capital structure consists of debt? Do not round Intermediate calculations. Round your answer to two decimal places

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