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

3.0%.

It has

500,000

shares outstanding. The shares currently sell for

$17.91

per share. Hollydale's has

18,000

semiannual bonds outstanding with a coupon rate of

9%,

a maturity of

16

years, and a par value of

$1,000.

The bonds are currently selling for

$959.29

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%?

nothing%

(Round to two decimal places.)