Answer 1 Caspian Sea Drinks' is financed with 62.00% equity and the remainder in debt. They have 10.00-year, semi-annual pay, 5.21% coupon bonds which sell for 97.18% of par. Their stock currently has a market value of $24.65 and Mr. Bensen believes the market estimates that dividends will grow at 3.77% forever. Next year's dividend is projected to be $2.04 Assuming a marginal tax rate of 22.00%, what is their WACC (weighted average cost of capital)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Points: 3/40 Grade: 7.5 % Progress: 7.5 % Time Remaining: 139:30 Hide ch o e 0 0 DOLL