Caspian Sea Drinks' is financed with 67.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.74% coupon bonds which sell for 97.09% of par. Their stock currently has a market value of $25.08 and Mr. Bensen believes the market estimates that dividends will grow at 3.19% forever. Next years dividend is projected to be $2.06. Assuming a marginal tax rate of 26.00%, what is their WACC (weighted average cost of capital)?