Adjusted WACC. Hollydale's is a clothing store in East Park. It paid an annual dividend of $2.20 last year to its shareholders and plans to increase the dividend annually at 4.0%. It has 510,000 shares outstanding. The shares currently sell for $20.93 per share. Hollydale's has 13,000 semiannual bonds outstanding with a coupon rate of 7.5%, a maturity of 16 years, and a par value of $1,000. The bonds are currently selling for $802.47 per bond. What is the adjusted WACC for Hollydale's if the corporate tax rate is 35% ? What is the adjusted WACC for Hollydale's if the corporate tax rate is 35% ? \% (Round to two decimal places.)