nis coure Ch 10: End-of-Chapter Problems - The Cost of Capital X Back to Assignment Attempts Keep the Highest 071 9. Problem 10.11 (WACC and Percentage of Debt Financing) LE eBook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at ry 8%, and its common stock currently pays a $3.00 dividend per share (Do - $3.00). The stock's price is currently $22.75, its dividend is expected to grow at a constant rate of 8% per year, its tax rate is 25%, and its WACC IS 13.35%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. %% Grade it Now Save & Continue Continue without saving O 11 471 11 CE a a 6