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Caspian Sea Drinks' is financed with 60.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.68% coupon bonds which sell for 97.46%

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Caspian Sea Drinks' is financed with 60.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.68% coupon bonds which sell for 97.46% of par. Their stock currently has a market value of $24.00 and Mr. Bensen believes the market estimates that dividends will grow at 3.39% forever. Next year's dividend is projected to be $2.63. Assuming a marginal tax rate of 20.00%, what is their WACC (weighted average cost of capital)

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