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Caspian Sea Drinks' is financed with 62.00% equity and the remainder in debt. They have 11.00 -year, semi-annual pay. 5.89% coupon bonds which sell for
Caspian Sea Drinks' is financed with 62.00% equity and the remainder in debt. They have 11.00 -year, semi-annual pay. 5.89% coupon bonds which sell for 98.76% of par. Their stock currently has a market value of $25.36 and Mr. Bensen believes the market estimates that dividends will grow at 3.63% forever. Next year's dividend is projected to be $2.72 Assuming a marginal tax rate of 33.00%, what is their WACC (weighted average cost of capital)? Answer format: Percentage Round to: 2 decimal places (Example 924%% sign required Will accept cocimal fommat rounded to 4 decimal places (ex 0.0924)
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