Not Answered 14. Not Answered 15. Not Answered 16. Not Answered 17. Not Answered Check My Work (2 remaining) Click here to read the eBook: Basic Definitions Click here to read the eBook: The Cost of Retained Earnings, rs WACC AND PERCENTAGE OF DEBT FINANCING Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd = 10%, and its common stock currently pays a $1.75 dividend per share (D0 = $1.75). The stock's price is currently $32.00, its dividend is expected to grow at a constant rate of 8% per year, its tax rate is 35%, and its WACC is 13.25%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places.