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 2.5%. It has 530,000 shares outstanding. The shares currently sell for $28.14 per share. Hollydale's has 15,000 semiannual bonds outstanding with a coupon rate of 12%, a maturity of 22 years, and a par value of $1,000. The bonds are currently selling for $1,127.82 per bond. What is the adjusted WACC for Hollydale's if the corporate tax rate is 20%? What is the adjusted WACC for Hollydale's if the corporate tax rate is 20%? 1% (Round to two decimal places.)