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Hook Industries's capital structure consists solely of debt and common equity, ft can issue debt at re =10%, and its common stock currently pays a
Hook Industries's capital structure consists solely of debt and common equity, ft can issue debt at re =10%, and its common stock currently pays a 52.75 dividend per ithare fDa = 52.75). The stock's price is currently 329.50, its dividend is expected to grow at a constant rate of 6% per year, its tax rate is 25%, and its WacC is 15.80%. What percentage of the company's capital structure consists of debt? Do not round intermediate caiculations. Rhound your answer to two decimal places
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