Hook Industries's capital structure consists solely of debt and common equity. It can issuen debt at rd=11%, and its common stock currently pays a 53.25 dividend per share (D0=53.25 ). The stock's price is currently $21.75, its dividend is expected to grow at a constant rate of 5% per year, its tax rate is 25%, and its WACC is 14,80%. What percentage of the company's capital structure consests of debt? Do not round intermediate calculations. Round your answer to two decimal places