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Caspian Sea Drinks' is financed with 61.00% equity and the remainder in debt. They have 11.00-year, semi-annual pay, 5.84% coupon bonds which sell for 97.20%

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Caspian Sea Drinks' is financed with 61.00\% equity and the remainder in debt. They have 11.00-year, semi-annual pay, 5.84% coupon bonds which sell for 97.20% of par. Their stock currently has a market value of $25.30 and Mr. Bensen believes the market estimates that dividends will grow at 3.45% forever. Next year's dividend is projected to be $2.36. Assuming a marginal tax rate of 21.00%, what is their WACC (weighted average cost of capitan

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