Hook Industries's capital structure consists solely of debt and common equity, tt can lssue debt at fd=8%, and its common stock currently pays a 52.00 dividend per share (Do = \$2.00). The stock's price is currenty $35.00, its dividend is expected to grow at a constant rate of 9% per year, its tax rate is 25%, and its wacC is 12.30%. What percentage of the coenpany's capital structure consists of debt? Do not round intermediate calculations, Hound your answer to two decimal places