Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd-996, and its common stock currently pays a $3.50 dividend per share (D0-$3.50). The stock's price is currently $28.50, its dividend is expected to grow at a constant rate of 896 per year, its tax rate is 35%, and its WACC is 15.40%, what percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places