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2. A company's capital structure consists solely of debt and common equity. It can issue debt at a yield of 11 percent. The company pays dividends of $2 per share, its share price is currently $24.75, and its dividend is expected to grow at rate of 7 percent per year. Its tax rate is 35 percent and its weighted average cost of capital is 13.95 percent. The percentage of debt in the company's capital structure is closest to: A. 7 percent. B. 16 percent. C. 20 percent