Caspian Sea Drinks' is financed with 63,00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.92% coupon bonds which sell for 97.48% of par. Their stock currently has a market value of $25.06 and Mr. Benson believes the market estimates that dividends will grow at 3.50% forever. Next year's dividend is projected to be $2.38. Assuming a marginal tax rate of 23.00%, what is their WACC (weighted average cost of capital)2 Subert Answer formar: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)