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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 $325 dividend per share (D $3.25). The stock's price is currently $25.50, its dividend is expected to grow at a constant rate of 4 per year, its tax rate is 25%, and its WACCIS 12.80% 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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