Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at $r_d=10\%,$ and its common stock currently pays a $$1\mathrm{.}75$ dividend per share $(D_0=$$$1\mathrm{.}75).$ The stock's price is currently $$28\mathrm{.}50,$ its dividend is expected to grow at a constant rate of $6\%$ per year, its tax rate is $25\%,$ and its WACC is $12\mathrm{.}35\%.$ 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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