Caspian Sea Drinks' is financed with 60.00% equity and the remainder in debt. They have 10.00-year, semi-annual pay, 5.93% coupon bonds which sell for 98.02% of par. Their stock currently has a market value of $25.92 and Mr. Bensen believes the market estimates that dividends will grow at 3.13% forever. Next year's dividend is projected to be $2.61. Assuming a marginal tax rate of 23.00%, what is their WACC (weighted average cost of capital)