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Caspian Sea Drinks' is financed with 61.00% equity and the remainder in debt. They have 11.00-year,...

Caspian Sea Drinks' is financed with 61.00% equity and the remainder in debt. They have 11.00-year, semi-annual pay, 5.68% coupon bonds which sell for 98.03% of par. Their stock currently has a market value of $24.99 and Mr. Bensen believes the market estimates that dividends will grow at 3.86% forever. Next year’s dividend is projected to be $2.66. Assuming a marginal tax rate of 27.00%, what is their WACC (weighted average cost of capital)?

With business calc steps if possible, thanks

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