ck to Assignment Alempts 0 Keep the Highest 0/10 7. Problem 10.11 (WACC and Percentage of Debt Financing) elook Hook Industries's capital structure consists solely of debt and common equity. It can issue debt at - 10%, and its common stock currently pays a $3.50 dividend per share (Do- $3.50). The stock's price is currently $30.75, its dividend is expected to grow at a constant rate of 6% per year, its tax rate is 25%, and its WACC is 15.15%. 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 Back to Assignment Attempts 0 Keep the Highest 0/10 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 issue debt at 10%, and its common stock currently pays a $3.50 dividend per share (D- 53.50). The stock's price is currently $30.75, its dividend is expected to grow at a constant rate of 6% per year, its tax rate is 25%, and its WACC IS 15.15%. What percentage of the company's capital structure consists of debt? Do not round Intermediate calculations. Round your answer to two decimal places S6 Grade it Now Save & Continue Continue without saving