Adjusted WACC. Hollydale's is a clothing store in East Park. It paid an annual dividend of $1.50 last year to its shareholders and plans to increase the dividend annually at 5.0%. It has 540,000 shares outstanding. The shares currently sell for $25.38 per share. Hollydale's has 17,000 semiannual bonds outstanding with a coupon rate of 12%, a maturity of 23 years, and a par value of $1,000. The bonds are currently selling for $1,743.26 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.)