Caspian Sea Drinks' is financed with 70 00% equity and the remainder in debt They have 1000-year, semi-annual pay, 5.97% coupon bonds which sell for 97 97% of par. Their stock currently has a market value of $24.81 and Mr Bensen believes the market estimates that dividends will grow at 3 99% forever Next year's dividend is projected to be $2.09 Assuming a marginal tax rate of 24 00%, what is their WACC (weighted average cost of capital? Submit Answer format: Porcentage Round to 2 decimal places (Example 924%, % sign required Will accept decimal format rounded to 4 decimal places (ex 00924)