WACC AND PERCENTAGE OF DEBT FINANCING Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at ra = 12%, and its common stock currently pays a $3.50 dividend per share (DO = $3.50). The stock's price is currently $23.75, its dividend is expected to grow at a constant rate of 4% per year, its tax rate is 40%, and its WACC is 12.10%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. DISCOUNTED PAYBACK Project L costs $45,000, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 8%. What is the project's discounted payback? Round your answer to two decimal places. years NPV A project has annual cash flows of $4,000 for the next 10 years and then $11,000 each year for the following 10 years. The IRR of this 20-year project is 13.98%. If the firm's WACC is 8%, what is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations