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B Caspian Sea Drinks is financed with 6500% equity and the remainder in debt. They have 11.00-year, semi-annual pay. 5 27% coupon bonds which sell

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B Caspian Sea Drinks is financed with 6500% equity and the remainder in debt. They have 11.00-year, semi-annual pay. 5 27% coupon bonds which sell for 98.49% of par Their stock currently has a market value of $24.50 and Mr Bensen believes the market estimates that dividends will grow at 3.08% forever. Next year's dividend is projected to be $2 10 Assuming a marginal tax rate of 20.00% what is the WACC (weighted average cost of capital? Suome Answer format: Percentage Round to 2 decimal places (Example 924%, *sign required wir accept decimal forma Founded to 4 decimal places (ex 0.09243)

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