unanswered Caspian Sea Drinks' is financed with 63.00% equity and the remainder in debt. They have 12.00- year, semi-annual pay, 5.18% coupon bonds which sell for 97.75% of par. Their stock currently has a market value of $24.07 and Mr. Bensen believes the market estimates that dividends will grow at 3.21% forever. Next year's dividend is projected to be $2.54. Assuming a marginal tax rate of 27.00%, what is their WACC (weighted average cost of capital)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. WW accept decimal format rounded to 4 decimal places (ex: 0.0924) not submitted Attempts Remaining: Infinity