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eBook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at a 9%, and its common stock currently pays

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eBook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at a 9%, and its common stock currently pays a $1.75 dividend per share (Do - $3:75). The stock's price is currently $33.25, its dividend is expected to grow at a constant rate of 4 per year its tox rate is 25%, and its WACC IS 13,45%. What percentage of the company's capital structure consists of debt? Do not round Intermediate calcuintions, Round your answer to two decimal places

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