Casplan Sea Drinks' is financed with 66.00% equity and the remainder in debt. They have 11.00-year, semi-annual pay. 5.06% coupon bonds which sell for 98.66% of par. Their stock currently has a market value of $24.54 and Mr. Bensen believes the market estimates that dividends will grow at 3.53% forever. Next year's dividend is projected to be $2.35. Assuming a marginal tax rate of 25.00%, what is their WACC (wolghted average cost of capital)? 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))