Hook Industries's capital structure consists solely of debt and common equity. It can Issue debt at ro - 8%, and its common stock currently pays a $3.75 dividend per share (Do - $3,75). The stock's price is currently $25.00, its dividend is expected to grow at a constant rate of 5% per year, its tax rate is 25%, and Its WACC IS 15.50%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places