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Please answer! Thanks! Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd = 8%, and its common
Please answer! Thanks! Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd = 8%, and its common stock currently pays a $3.00 dividend per share (Do - $3.00). The stock's price is currently $21.25, 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. %
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