Caspian Sea Drinks' is financed with 62.00% equity and the remainder in debt. They have 11.00 -year, semi-annual pay, 5.73% coupon bonds which sell for 98.45% of par. Their stock currently has a market value of $24.36 and Mr. Bensen believes the market estimates that dividends will grow at 3.10% forever. Next year's dividend is projected to be $2.39. Assuming a marginal tax rate of 29.00%, what is their WACC (weighted average cost of capital)? 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)) Caspian Sea Drinks is considering the purchase of a new water filtration system produced by Rube Goldberg Machines. This new equipment, the RGM-7000, will allow Caspian Sea Drinks to expand production. It will cost $13.00 million fully installed and will be fully depreciated over a 15 year life, then removed for no cost. The RGM-7000 will result in additional revenues of $2.67 million per year and increased operating costs of $720,816.00 per year. Caspian Sea Drinks' marginal tax rate is 20.00%. The internal rate of return for the RGM-7000 is Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%,% sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))