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Caspian Sea Drinks' is financed with 6 9 . 0 0 % equity and the remainder in debt. They have 1 2 . 0 0

Caspian Sea Drinks' is financed with 69.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.78% coupon bonds which sell for 97.57% of par. Their stock currently has a market value of $24.24 and Mr. Bensen believes the market estimates that dividends will grow at 3.23% forever. Next years dividend is projected to be $2.67. Assuming a marginal tax rate of 35.00%, what is their WACC (weighted average cost of capital)

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