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WACC and Percentage of Debt Financing Hook Industries' capital structure consists solely of debt and common equity. It can issue debt at rd-11%, and its

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WACC and Percentage of Debt Financing Hook Industries' capital structure consists solely of debt and common equity. It can issue debt at rd-11%, and its common stock currently pays a $3.75 dividend per share (D0-$3.75). The stock's price is currently?26.50, its dividend is expected to grow at a constant rate of 5% per year, its tax rate is 35%, and its WACC is 14.90%, what percentage of the company's capital structure consists of debt? Round your answer to two decimal places

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