Adjusted WACC. Hollydale's will issue an additional 5,000 bonds with the help of an investment banker. The bonds will be semiannual bonds with a maturity of 25 years. The coupon rate will be 10.5%, and the par value $1,000. These bonds will be sold at $1,414.31 in the market, but the investment banker will receive a 5.5% commission on the sold bonds. The original bonds have 10 years to maturity and are semiannual, with a coupon rate of 9.5% and a price of $1,032.52. There are 10,000 bonds outstanding from this senior issue. What is the new cost of capital for Hollydale's if the company still has 450,000 shares outstanding selling at $18.68 with an annual dividend growth rate of 4.5% and the last annual dividend of $2.20? The tax rate remains at 25%. What is the adjusted WACC for Hollydale's if the corporate tax rate is 25%? % (Round to two decimal places.)