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Caspian Sea Drinks' is financed with 6 4 . 0 0 % equity and the remainder in debt. They have 1 0 . 0 0

Caspian Sea Drinks' is financed with 64.00% equity and the remainder in debt. They have 10.00-year, semi-annual pay, 5.72% coupon bonds which sell for 97.26% of par. Their stock currently has a market value of $25.23 and Mr. Bensen believes the market estimates that dividends will grow at 3.76% forever. Next year's dividend is projected to be $2.36. Assuming a marginal tax rate of 29.00%, what is their WACC (weighted average cost of capital)?
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))
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