Caspian Sea Drinks' is financed with $65$:$00\%$ equity and the remainder in debt. They have $11\mathrm{.}00-$year, semi$-$annual pay, $5\mathrm{.}92\%$ coupon bonds which sell for $97\mathrm{.}40\%$ of par. Their stock currently has a market value of $$24\mathrm{.}67$ and Mr$.$ Bensen believes the market estimates that dividends will grow at $3\mathrm{.}24\%$ forever. Next year's dividend is projected to be $$2\mathrm{.}84.$Assuming a marginal tax rate of $20\mathrm{.}00\%,$ what is their WACC $($weighted average cost of capital$)?$SubmitAnswer format: Percentage Round to: $2$ decimal places