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

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Hook Industries's capital structure consists solely of debt and comman equity. It can issue debt at re =9%, and its common stock currently pays a 33.25 dividend per share ( po 2= 53.25). The stocks price is currenty $24.00, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 25%, and its WACC is 15.75%. What percentage of the company's captal structure consiets of debt? Do not round intermediate calculations. Round your answer to two decimal places

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