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 4.0%. It has 430,000 shares outstanding. The shares currently sell for $19.37 per share. Hollydale's has 15,000 semiannual bonds outstanding with a coupon rate of 9%, a maturity of 22 years, and a par value of $1,000. The bonds are currently selling for $911.69 per bond. What is the adjusted WACC for Hollydale's if the corporate tax rate is 25% ? What is the adjusted WACC for Hollydale's if the corporate tax rate is 25% ? \% (Round to two decimal places.) Adjusted WACC. Thorpe and Company is currently an all-equity firm. It has three million shares selling for $30 per share. Its beta is 1.3, and the current risk-free rate is 4.4%. The expected return on the market for the coming year is 11.1%. Thorpe will sell corporate bonds for $30,000,000 and retire common stock with the proceeds. The bonds are twenty-year semiannual bonds with a 10.2% coupon rate and $1,000 par value. The bonds are currently selling for $1,034.79 per bond. When the bonds are sold, the beta of the company will increase to 1.5. What was the WACC of Thorpe and Company before the bond sale? What is the adjusted WACC of Thorpe and Company after the bond sale if the corporate tax rate is 40% ? Hint: The weight of equity before selling the bond is 100%. What was the WACC of Thorpe and Company before the bond sale? \% (Round to two decimal places.) Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $77 and a dividend rate of 8.8%. The stock is selling for $57.38 in the market. What is the cost of preferred stock for Kyle? What is the cost of preferred stock for Kyle? \% (Round to two decimal places.)