Caspian Sea Drinks' is financed with 70.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.27% coupon bonds which sell for 98.50% of par. Their stock currently has a market value of $24.14 and Mr. Bensen believes the market estimates that dividends will grow at 3.26% forever. Next years dividend is projected to be $2.29. Assuming a marginal tax rate of 29.00%, what is their WACC (weighted average cost of capital)?