Attempts Remaining: Infinity ES #38 PM Caspian Sea Drinks' is financed with 62.00% equity and the remainder in debt. They have 10.00-year, semi-annual pay, 5.26% coupon bonds which sell for 97.01% of par. Their stock currently has a market value of $24.61 and Mr. Bensen believes the market estimates that dividends will grow at 3.58% forever. Next year's dividend is projected to be $2.53. Assuming a marginal tax rate of 29.02%, 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) thu unanswered not submitted Attempts Remaining: Infinity