Hook Industries captial structure consists solely of debt and common equity. It can issue debt at rd = 9%, and its common stock currently pays a $3.50 dividend per share (Do =$3.50). The stock's price is currently $32.75; its dividend is expected to grow at a constant rate of 9 percent per year; its tax rate is 40 percent; its WACC is 12.85 percent. What percentage of the company's capital structure consists of debt?