31. Coke is financed with 62% equity and the remainder in debt. They have 11-year, semi-annual pay, 5.27% coupon bonds which sell for 98.17% of par. Their stock currently has a market value of $24.49 and Mr. Bob believes the market estimates that dividends will grow at 3.79% forever. Next years dividend is projected to be $2.46. Assuming a marginal tax rate of 21%, what is their WACC (weighted average cost of capital)?