Adjusted WACC. Hollydale's is a dothing store in East Park. It paid an annual dividend of $2.80 last year to its shareholders and plans to increase the dividend annually at 4.5%. It has 430,000 shares outstanding. The shares currently sell for $19.67 per share. Hollydale's has 11,000 semiannual bonds outstanding with a coupon rate of 8%, a maturity of 20 years, and a par value of $1,000. The bonds are currently selling for $728.17 per bond. What is the adjusted WACC for Hollydale's 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.)