Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at r$\_\{$d$\}=8\%$ and its common stock currently pays a $$2\mathrm{.}25$ dividend per share $($D $0=\backslash$$$2\mathrm{.}25)$ The stock's price is currently $"26\mathrm{.}25"$ its dividend is expected to grow at a constant rate of $5\%$ per year, its tax rate is $25\%$ and its WACC is $12\mathrm{.}30\%$What percentage of the company's capital structure consists of debt? Do not round intermediate calculations Round your answer two decimal places.