Adjusted WACC Hollydale's is a clothing store in East Park. It paid an annual dividend of $1.70 last year to its shareholders and plans to increase the dividend annually at 3.5%. It has 550,000 shares outstanding. The shares currently sell for $18.77 per share. Hollydale's has 10,000 semiannual bonds outstanding with a coupon rate of 9.5%, a maturity of 15 years, and a par value of $1,000. The bonds are currently selling for $1,229.90 per bond. What is the adjusted WACC for Hollydale's if the corporate tax rate is 30%? What is the adjusted WACC for Hollydale's if the corporate tax rate is 30%? % (Round to two decimal places.)