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HELP!!! I KEEP GETTING IT INCORRECT! Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at ra 12%, and

HELP!!! I KEEP GETTING IT INCORRECT!
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Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at ra 12%, and its common stock currently pays a $2.00 dividend per share (Do = $2.00). The stock's price is currently $22.00, its dividend is expected to grow at a constant rate of 9% per year, its tax rate is 25%, and its WACC is 14.45%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. 71.16 %

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