Hook Industries's capital structure consists solely of debt and common equity, It can issue debt at rd=12%, and its common stock currently pays a $3.50 cividend per share (D0= $3.50). The stock's price is currently $20.00, its dividend is expected to grow at a constant rate of 9% per year, its tax rate is 25%, and its wacc is 15.75%, What percentage of the company's capital structure consists of debs? Do not round intermediate calculations, Round your answer to two decimal places. %