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Hook tndustries's capital structure consists solely of debt and common equity, It can issue debt at rd=9%, and its common stock currently pays a $4.00
Hook tndustries's capital structure consists solely of debt and common equity, It can issue debt at rd=9%, and its common stock currently pays a $4.00 dividend per share (D0= 54.00). The stock's price is currently $25.75, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 25%, and its WaCC is 12.30%. What percentage of the company's capitai structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places
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