WACC and Percentage of Debt Financing Hook Industries' capital structure consists solely of debt and common equity, tit can issue debt at r_d = 8%, and its common stock currently pays a $1.50 dividend per share (D_a = $1.50)
The stock's Price currently $33.00, its dividend is expected to grow at a constant rate of 9% per year, its tax rate is 4ow, and s WACC is 13.85%.
What percentage of the company's capital structure consists of debt?