Caspian Sea Drinks' is financed with 66.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.46% coupon bonds which sell for 97.53% of par. Their stock currently has a market value of $24.56 and Mr. Bensen believes the market estimates that dividends will grow at 3.64% forever. Next years dividend is projected to be $2.10. Assuming a marginal tax rate of 32.00%, what is their WACC (weighted average cost of capital)?