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Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at ra = 8%, and its common stock currently pays a $4.00 dividend per share (Do = $4.00). The stock's price is currently $20.50, its dividend is expected to grow at a constant rate of 6% per year, its tax rate is 25%, and its WACC is 13.90%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. % O Pearson Motors has a target capital structure of 45% debt and 55% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 10%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 11.10%. What is Pearson's cost of common equity? Do not round intermediate calculations. Round your answer to two decimal places. e % Torch Industries can issue perpetual preferred stock at a price of $60.50 a share. The stock would pay a constant annual dividend of $5.00 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places. %