Hook industries's capital structure consists solely of debt and common equity, It can ispue debt at rd =8%, and its common stock currently pays a $2.75 dividend per share (Dd = \$2.75). The stock's price is currently $23.00, tts dividend is expected to grow at a constant rate of 5% per yeag, its tax rate is 25%, and its WaCc is 124096 . What percentage of the company's capital structure consists of debt? Do net round intertmediate cakculations. Reund your answer to two decimal places