Murrays is planning a $$5$ million expansion to its Pittsburgh store. This expansion will be financed, in part, with debt costing $8\mathrm{.}00\%$ before taxes. Murrays' marginal tax rate is $35\%.$ Murrays' common stock pays a dividend of $$1\mathrm{.}20$ per share. The current market price is $$13\mathrm{.}15$ per share. Murrays' common stock dividends are expected to increase at an annual rate of $4\mathrm{.}00\%$ in the foreseeable future. Preferred stock pays a dividend of $$1\mathrm{.}00$ per share and its current price is $$12\mathrm{.}00.$ The project is expected to yield an internal rate of return of $8\mathrm{.}57\%.$ Murrays' target capital structure is as follows:

Assets $=$ Liabilities

Current Assets $ $40$ Current Liabilities $$25$

Fixed Assets $140+$ Owner$$s Equity

Preferred Stock $15$

Common Stock$+$Retained Earn. $55$

Total Assets $$180$ Total Liability $+$ Equity $$180$

Calculate the percent of Debt in Capital Structure.