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WACC AND PERCENTAGE OF DEBT FINANCING A-Z Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at 9%, and

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WACC AND PERCENTAGE OF DEBT FINANCING A-Z Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at 9%, and its common stock currently pays a 12.50 dividend per share (Do $2.50). The stock's price is currently $21.00, its dividend is expected to grow at a constant rate of 4 per year, its tax rate is 35%, and its WACC 12.654 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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