+ unanswered Caspian Sea Drinks' is financed with 65.00% equity and the remainder in debt. They have 11.00- year, semi-annual pay, 5.37% coupon bonds which sell for 97.28% of par. Their stock currently has a market value of $24.62 and Mr. Bensen believes the market estimates that dividends will grow at 3.78% forever. Next year's dividend is projected to be $2.77. 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))