Question: Attempts Keep the Highest 1 6. Problem 10.11 (WACC and Percentage of Debt Financing) Book Hook Industries's capital structure consists solely of debt and common

Attempts Keep the Highest 1 6. Problem 10.11 (WACC and Percentage of Debt Financing) Book Hook Industries's capital structure consists solely of debt and common equity. It can issue debtattoo, and its common stock currently as a 12.50 dividend per dare (0 $2.50). The stock's price is currently $27.25, is dividend is expected to grow at a constant rate of per year its tax rate is 25%, and its WACC IS 12.00% what percentage of the company's capital structure consists of debt? Do not round Intermediate calculations. Round your answer to two decimal places

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