Back to Assignment Attempts Keep the Highest / 3 6. Problem 10.11 (WACC and Percentage of Debt Financing) eBook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt atra - 11%, and its common stock currently pays a $3.50 dividend per share (0o = $3.50). The stock's price is currently $27.50, is dividend is expected to grow at a constant rate of 5% per year, its tax rate is 25% and its WACC IS 14.20%. What percentage of the company's capital structure consists of debt? Do not round Intermediate cislculations. Round your answer to two decimal places