Back to Assignment Attempts Do No Harm/1 7. Problem 10.11 (WACC and Percentage of Debt Financing) ebook Hook Industries's capital structure consists solely of debt and common equity. It can we det at r., and its common stock currently Days a $2.75 dividend pur share (D- $2.75). The stock's price is currently $32,25, its dividend is expected to grow at a constant rate of 4 per year, its tax rate is 40%, and its WACC IS 12.45%. What percentage of the company's capital structure consists of debt? Do not round Intermediate calculations. Round your answer to two decimal places