Capital Back to Assignment Attempts Keep the Highest/1 9. 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 at rs -9%, and its common stock currently pays a $2.75 dividend per share (Do-$2.75). The stock's price is currently $28.50, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 25%, and its WACC is 13.80%. What percentage of the company's capital structure consists of debt? Do not round intermediate calculations. Round your answer to two decimal places. 9% Grade It Now Save & Continue Continue without saving O ET a SPM 4/19/2021