Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at 12%, and its common stock currently pays 12.50 dividend pets $2.50). The stock's price is currently $25.75, its dividend is expected to grow at a constant rate of 7% per year is tax rates 40, and its WACC IS 15.759. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places ed