Hook Industries's capital structure consists solely of debt and common equity. It can issue debt atra-12%, and its common stock currently pays a 34.00 dividend per share (D - $4.00). The stock's price is currently $33.75, its dividend is expected to grow at a constant rate of 89 per year, its tax rate is 25%, and its WACC is 13.50%. What percentage of the company's capital structure consists of debt? Do not round Intermediate calculations. Round your answer to two decimal places