Caspian Sea Drinks' is financed with 67.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.56% coupon bonds which sell for 97.65% of par. Their stock currently has a market value of $25.47 and Mr. Bensen believes the market estimates that dividends will grow at 3.38% forever. Next year's dividend is projected to be $2.64. Assuming a marginal tax rate of 33.00%, what is their WACC (weighted average cost of capital)? 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) )