Back to Assignment Ampte Keep the Highest / 10 7. Problem 10.11 (WACC and Percentage of Debt Financing) ebook Hook Industries's capital structura consists solely of debt and common equity. It can issue debt atre - 8%, and its common stock currently pays a $2.25 dividend per share (D- $2.25). The stock's price is currently $21.75, its dividend is expected to grow at constant rate of 7% per year, its tax rate is 25%, and its WACC 15.00%, what percentage of the company's capital structure consists of debt? Do not round Intermediate calculations. Round your answer to two decimal places Grade it Now Save & Continue Continue without saving Assignment 10: Chapter 10 End-of-Chapter Problems 0 X Back to Assignment Attempt Keep the Highest 10 7. Problem 10.11 (WACC and Percentage of Debt Financing) A-Z eBook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at f=8%, and its common stock currently pays a $2.25 dividend per share(D. $2.25). The stock's price is currently $21.75, is dividend is expected to grow at a constant rate of 7% per year, its tax rates 25%, and its WACC 15.00% What percentage of the company's capital structure consists of debt? Do not round Intermediate calculations, Round your answer to two decimal places. Grade it Now Save & Continue Continue without saving