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#4 unanswered Caspian Sea Drinks' is financed with 63.00% equity and the remainder in debt. They have 11.00-year, semi-annual pay, 5.60% coupon bonds which sell for 97.36% of par. Their stock currently has a market value of $24.89 and Mr. Bensen believes the market estimates that dividends will grow at 3.97% forever. Next year's dividend is projected to be $2.70. Assuming a marginal tax rate of 21.00%, what is their WACC (weighted average cost of capital)? not_submitted Attempts Remaining: Infinity Submit 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))