Hook Indutries's capital structure consiets solely of debt and common equity. It can issue debt at fd = 8%, and its comenon stock currently pays a 53.75 . dividend per share (00=$3,75). The stock's ance is currenty 431.25 , its dividend is expected to grow at a constant rate of 9% per year, ifs tax rate is 25\%, and its WACC is 15,65\%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations, Round your answer to two decimal plices