Caspian Sea Drinks' is financed with 61.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.54% coupon bonds which sell for 98.48% of par. Their stock currently has a market value of $25.73 and Mr. Bensen believes the market estimates that dividends will grow at 3.58% forever. Next year's dividend is projected to be $2.16. Assuming a marginal tax rate of 23.00 %, what is their WACC (weighted average cost of capital)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))