Adjusted WACC . Hollydale's is a clothing store in East Park . It paid an annual dividend of $ 2.10 last year to its shareholders and plans to increase the dividend annually at 4.5 % . It has 510,000 shares outstanding . The shares currently sell for $ 27.42 per share . Hollydale's has 16,000 semiannual bonds outstanding with a coupon rate of 6 % , a maturity of 23 years , and a par value of $ 1,000 . The bonds are currently selling for $ 534.27 per bond .

What is the adjusted WACC for Hollydale's if the corporate tax rate is 35 % ?