Caspian Sea Drinks' is financed with 70.00% equity and the remainder in debt. They have 10,00-year, semi-annual pay 5.58% coupon bonds which sell for 97.58% of par, Their stock currently has a market value of $24.35 and Mr. Bensen believes the market estimates that dividends will grow at 3.22% forever. Next year's dividend is projected to be $2.78, Ansuming a marginal tax rate of 20.00% what is their WACC (weighted average cost of capital)? Submit Answer format: Percentage Round to: 2 decimal places (Example 9 21% % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)