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Caspian Sea Drinks' is financed with 67.00% equity and the remainder in debt. They have 10.00-year, semi-annual pay, 5.28% coupon bonds which sell for 97.99%

Caspian Sea Drinks' is financed with 67.00% equity and the remainder in debt. They have 10.00-year, semi-annual pay, 5.28% coupon bonds which sell for 97.99% of par. Their stock currently has a market value of $25.53 and Mr. Bensen believes the market estimates that dividends will grow at 3.00% forever. Next years dividend is projected to be $2.06. Assuming a marginal tax rate of 33.00%, what is their WACC (weighted average cost of capital)

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