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 $2.25 dividend per share (D0 = $2.25). The stock's price is currently $27.75, its dividend is expected to grow at a constant rate of 8% per year, its tax rate is 35%, and its WACC is 15.75%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places.

Back to Assignment Attempts:0 Keep the Highest: 01 6. Problem 10.11 WACC AND PERCENTAGE OF DEBT FINANCING Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at r-12%, and its common stock currently pays a $2.25 dividend per share (Do- $2.25). The stock's price is currently $27.75, its dividend is expected to grow at a constant rate of 8% per year, its tax rate is 35%, and its WACC is 15.75%, what percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. Grade It Now Save & Continue Continue without saving