WACC AND PERCENTAGE OF DEBT FINANCINGHook Industries's capital structure con- sists solely of debt and common equity. It can issue debt at rd11%, and its common stock currently pays a $2 00 dividend per share D02 00 . The stock's price is currently $24 75, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 35%, and its WACC is 13 95%. What percentage of the company's capital structure consists of debt?