Caspian Sea Drinks' is financed with 70.00% equity and the remainder in debt. They have 10.00-year, semi-annual pay, 5.93% coupon bonds which sell for 98.33% of par. Their stock currently has a market value of $25.14 and Mr. Bensen believes the market estimates that dividends will grow at 3.75% forever. Next years dividend is projected to be $2.39. Assuming a marginal tax rate of 23.00%, what is their WACC (weighted average cost of capital)?