o Question 5 of 10 Check My Work (2 remaining) B eBook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at re- 10%, and its common stock currently pays a $2.50 dividend per share (Do - $2.50). The stock's price is currently $21.75, its dividend is expected to grow at a constant rate of 8% per year, its tax rate is 25%, and its WACC is 15.65%. What percentage of the company's capital structure consists of debt? Do not round Intermediate calculations. Round your answer to two decimal places. S. (A-2 O Assignment ment: Chapter 10 - EOC Questions (CNOW) Save Submit Assignment for Grading ions Problem 10.02 (Cost of Preferred Stock) Question 6 of 10 Check My Work (2 remaining) C o E eBook Torch Industries can issue perpetual preferred stock at a price of $67.00 a share. The stock would pay a constant annual dividend of $5.00 a share. What is the company's cost of preferred stock, 17 Round your answer to two decimal places. % A-Z O Check My Work (2 remaining) B eBook The Holmes Company's currently outstanding bonds have a 10% coupon and an 11% yield to maturity. Holmes believes it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax rate is 25%, what is Holmes' after-tax cost of debt? Round your answer to two decimal places. %