Caspian Sea Drinks is considering the purchase of a new water filtration system produced by Rube Goldberg Machines. This new equipment, the RGM-7000, will allow Caspian Sea Drinks to expand production. It will cost $12.00 million fully installed and will be fully depreciated over a 20 year life, then removed for no cost. The RGM-7000 will result in additional revenues of $2.78 million per year and increased operating costs of $667,861.00 per year. Casplan Sea Drinks' marginal tax rate is 20.00%. If Casplan Sea Drinks uses a 12.00% discount rate, then the net present value of the RGM-7000 is Answer format: Curroncy: Round to: 2 decimal places. Casplan Sea Drinks' is financed with 70.00% equity and the remainder in debt. They have 10.00 -year, semi-annual pay, 5.21% coupon bonds which sell for 98.63% of par. Their stock currently has a market value of $24.11 and Mr. Bensen believes the market estimates that dividends will grow at 3.92% forever. Next year's dividend is projected to be $2.83. Assuming a marginal tax rate of 31.00%, what is their WACC (weighted average cost of capital)? Answer format: Percentage Round to: 2 docimal places (Example: 9.24%, \% sign required. Will accept decimal format rounded to 4 decimal places (ox:0.0924))