Adjusted WACC. Hollydale's is a clothing store in East Park. It paid an annual dividend of $2.30 last year to its shareholders and plans to increase the dividend annually at 4.5%. It has 450,000 shares outstanding. The shares currently sell for $23.24 per share. Hollydale's has 14,000 semiannual bonds outstanding with a coupon rate of 9.5%, a maturity of 20 years, and a par value of $1,000. The bonds are currently selling for $1,404.51 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%? 10.59 % (Round to two decimal places.)