10 Homework Problems gnment: Chapter 10 Homework Problems Assignment Score: 32.00% Save Submit Assignment for Grading tions Problem 10.11 (WACC and Percentage of Debt Financing) Question 6 of 7 Check My Work (No more tries available) eBook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at rd = 10%, and its common stock currently pays a $3.25 dividend per share (Do = $3.25). The stock's price is currently $22.00, its dividend is expected to grow at a constant rate of 4% per year, its tax rate is 25%, and its WACC is 13.25%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. 40.32 Hide Feedback Incorrect Check My Work (No more tries available)