Question: Can someone please help me with this? the answer is 3.62, but i do not understand how to get that # Question 3 0 /

Can someone please help me with this? the answer is 3.62, but i do not understand how to get that #

Can someone please help me with this? the answer is 3.62, but

Question 3 0 / 25 points Pepper Inc's capital structure consists solely of debt and common equity. It can issue debt at 11%, and its common stock currently pays a $2.00 dividend per share. The stock's price is currently $27.70, its dividend is expected to grow at a constant rate of 6% per year, its tax rate is 32%, and its WACC is 13.43%. What percentage of the company's capital structure consists of debt? Answer as a percentage with 2 decimals (ex. 16.61) Answer: 0.04 x (3.62)

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