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Hook Industries capital structure consists of solely debt and equity. It can issue debt at r d =11% and its common stock currently pays a
Hook Industries capital structure consists of solely debt and equity. It can issue debt at rd =11% and its common stock currently pays a dividend of $2 per share. The stocks current price is $24.75, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 35% and its WACC is 13.95%. What percentage of the firms capital structure consists of debt? trying to solve using a calculator .what to plug in?
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