Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at $r_d=10\%,$ and

its common stock currently pays a $$3\mathrm{.}75$ dividend per share $(\{$:$D_0=$$$3\mathrm{.}75).$ The stock's price is currently $$34\mathrm{.}00,$ its

dividend is expected to grow at a constant rate of $5\%$ per year, its tax rate is $25\%,$ and its WACC is $13\mathrm{.}75\%.$ What

percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your

answer to two decimal places.

$\%$