WACC and Percentage of Debt Financing Hook Industries' capital structure consists solely of debt and common equity. It can issue debt at r_d = 10%, and its common stock currently pays a $3.25 dividend per share (D_0 = $3.25). The stock's price is currently $21.50, its dividend is expected to grow at a constant rate of 8% per year, its tax rate is 40%, and its WACC is 12.00%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations