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URGENT!! PLS intermediate calculations. Round your answer to two decimal places. % Hook Industries's capital structure consists solely of debt and common equity. It can

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URGENT!! PLS

intermediate calculations. Round your answer to two decimal places. %

Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd 12%, and its common stock currently pays a $4.00 dividend per share (Do = $4.00). The stock's price is currently $32.00, its dividend is expected to grow at a constant rate of 9% per year, its tax rate is 25%, and its WACC is 13.05%. 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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