Question: Please show all steps #4 c Caspian Sea Drinks' is financed with 67.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.89%

Please show all steps #4 c Caspian Sea Drinks' is financed

Please show all steps

#4 c Caspian Sea Drinks' is financed with 67.00% equity and the remainder in debt. They have 12.00-year, semi-annual pay, 5.89% coupon bonds which sell for 97.77% of par. Their stock currently has a market value of $24.68 and Mr. Bensen believes the market estimates that dividends will grow at 3.90% forever. Next year's dividend is projected to be $2.94. Assuming a marginal tax rate of 33.00%, what is their WACC (weighted average cost of capital)? unanswered 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))

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