pter 10 End-of-Chapter Problems Assignment Score: 50.00% ent: Brigham Chapter 10 End-of-Chapter Problems Save Submit Assignment for Grading e Question 6 of 8 Check My Work (s remaining) eBook Problem 10-11 WACC and Percentage of Debt Financing Hook Industries' capital structure consists solely of debt and common equity. It can issue debt at ra-10%, and its common stock currently pays a S 2-75 d dend per share (DO $2.75) The stock's price is currently S29.25, its dividend is expected to grow at a constant rate of 8% per year, its tax rate is 35% and its wACC s l3,35%, what percentage of the company's capital structure consists of debt? Round your answer to two decimal places. Check My Work (I remaining) 4 Question 6 of 8 Save Submit for Grading