Caspian Sea Drinks' is financed with 70.00% equity and the remainder in debt. They have 11.00-year, semi-annual pay, 5.38% coupon bonds which sell for 98.96% of par. Their stock currently has a market value of $25.21 and Mr. Bensen believes the market estimates that dividends will grow at 3.02% forever. Next years dividend is projected to be $2.79. Assuming a marginal tax rate of 28.00%, what is their WACC (weighted average cost of capital)?