Miller Von Enterprises' capital structure consists solely of debt and common equity. It can issue debt at rd = 10.6%, and its common stock currently pays a $1.91 dividend (D0= $1.91). The stock's price is currently $24.75, its dividend is expected to grow at a constant rate of 7.3% per year, its tax rate is 35%, and its WACC is 13.88%. What percentage of the company's capital structure consists of debt? Show your work to receive full credit.