Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd $=11\%,$ and its common stock currently pays a $$2\mathrm{.}75$ dividend per share $($D$0=$ $$2\mathrm{.}75).$ The stock's price is currently $$28\mathrm{.}00,$ its dividend is expected to grow at a constant rate of $8\%$ per year, its tax rate is $25\%,$ and its WACC is $13\mathrm{.}85\%.$ What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places.

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