Caspian Sea Drinks is financed with 63.00% equity and the remainder in debt. They have 11.00-year, serni-annual pay, 5.20% coupon bonds which sell for 97.25% of par. Their stock currently has a market value of $24.43 and Mr. Bensen believes the market estimates that dividends will grow at 3.24% forever. Next year's dividend is projected to be $2.77. Assuming a marginal tax rate of 25.00%, 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))