Hook Industries' capital structure consists solely of debt and common equity. It can issue debt at rd 11%, and its common stock currently pays a $ 2.00 dividend per share (D0 = $ 2.00). The stock's price is currently $ 24.75, its dividend is expected to grow at a constant rate of 7% per year, its tax rate is 35%, and its WACC is 13.95%. What percentage of the company's capital structure consists of debt?