Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rs =12%, and its common stock currently pays a $2. 50 dividend per share (D 0 \$2.50). The stock's price is currenty $29.00, its dividend is expected to grow at a constant rate of 5% per year, its tax rate is 25%, and its wacc is 13.60%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places