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#$4$

Caspian Sea Drinks' is financed with $63\mathrm{.}00\%$ equity and the remainder in debt. They have $12\mathrm{.}00-$year, semiannual pay, $5\mathrm{.}89\%$ coupon bonds which sell for $97\mathrm{.}31\%$ of par. Their stock currently has a market value of $$24\mathrm{.}87$ and Mr$.$ Bensen believes the market estimates that dividends will grow at $3\mathrm{.}33\%$ forever. Next year's dividend is projected to be $$2\mathrm{.}70.$ Assuming a marginal tax rate of $21\mathrm{.}00\%,$ what is their WACC $($weighted average cost of capital$)?$

Answer format: Percentage Round to: $2$ decimal places $($Example: $9\mathrm{.}24\%,\%$ sign required. Will accept decimal format rounded to $4$ decimal places $($ex: $0\mathrm{.}0924))$