Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd 9%o, and its common stock currently pays a $4.00 dividend per share (Do = 12.90%. What percentage of the $4.00). The stock's price is currently $26.75, its dividend expected to grow a constant rate of 5% per year, its tax rate is 40%, and its WACC company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places