Adjusted WACC. Hollydale's is a clothing store in East Park. It paid an annual dividend of $1.90last year to its shareholders and plans to increase the dividend annually at 2.0%. It has 490,000 shares outstanding. The shares currently sell for $23.18per share. Hollydale's has 16,000semiannual bonds outstanding with a coupon rate of 10.5%, a maturity of 24years, and a par value of $1,000. The bonds are currently selling for $958.02per bond.

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

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