Jackson Trucking Company is in the process of setting its target capital structure. The CFO believes the optimal debt-to-capital ratio is somewhere between 20% and 50%, and her staff has compiled the following projections for EPS and the stock price at various debt levels: Debt/Capital Ratio Projected EPS Projected Stock Price 20% $3.25 $33.50 30 3.65 37.00 40 3.90 36.00 50 3.65 33.25 Assuming that the firm uses only debt and common equity, what is Jackson's optimal capital structure? Round your answers to two decimal places. % debt % equity At what debt ratio is the company's WACC minimized? Round your answer to two decimal places.