Caspian Sea Drinks' is financed with 68.00% equity and the remainder in debt. They have 10.00-year, semi-annual pay, 5.98% coupon bonds which sell for 97.58% of par. Their stock currently has a market value of $24.64 and Mr. Bensen believes the market estimates that dividends will grow at 3.28% forever. Next year's dividend is projected to be $2.00. Assuming a marginal tax rate of 26.00%, what is their WACC (weighted average cost of capital)? Attempts Remaining: Infinity 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))