Adjusted WACC. Hollydale's is a clothing store in East Park. It paid an annual dividend of $1.90 last year to its shareholders and plans to increase the dividend annually at 5.0%. It has 580,000 shares outstanding. The shares currently sell for $20.77 per share. Hollydale's has 14,000 semiannual bonds outstanding with a coupon rate of 10%, a maturity of 18 years, and a par value of $1,000. The bonds are currently selling for $1,368.20 per bond. What is the adjusted WACC for Hollydale's if the corporate tax rate is 40% ? What is the adjusted WACC for Hollydale's if the corporate tax rate is 40%? % (Round to two decimal places.)