Caspian Sea Drinks' is financed with 67.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay. 5.89% coupon bonds which sell for 97.34% of par. Their stock currently has a market value of S25 89 and Mr. Bensen believes the market estimates that dividends will grow at 3.06% forever. Next year's dividend is projected to be $2.85. Assuming a marginal tax rate of 34.00% 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)