O B O eBook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd = 12%, and its common stock Ocurrently pays a $2.75 dividend per share (Do = $2.75). The stock's price is currently $29.00, its dividend is expected to grow at a constant rate of 9% per year, its tax rate is 25%, and its WACC is 14.35%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. %