Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd $=8\%,$ and its common stock currently pays a $$4\mathrm{.}00$ dividend per share $($D$0=$ $$4\mathrm{.}00).$ The stock's price is currently $$29\mathrm{.}50,$ its dividend is expected to grow at a constant rate of $8\%$ per year, its tax rate is $40\%,$ and its WACC is $15\mathrm{.}55\%.$ What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places.