Hook Industries$$s capital structure consists solely of debt and common equity. It can issue debt at rd rently pays a $$2\mathrm{.}00$ dividend per share $($D$0511\%,$ and its common stock cur$-5$ $$2\mathrm{.}00).$ The stock$$s price is currently $$24\mathrm{.}75,$its dividend is expected to grow at a constant rate of $7\%$ per year, its tax rate is $25\%,$ and its WACC is $13\mathrm{.}95\%.$ What percentage of the company$$s capital structure consists of debt? Please include all steps and formulas used