Adjusted WACC. Hollydale's will issue an additional 6,000 bonds with the help of an investment banker. The bonds will be semiannual bonds with a maturity of 27 years. The coupon rate will be 10.5%, and the par value $1,000. These bonds will be sold at $1,301,54 in the market, but the investment banker will receive a 7% commission on the sold bonds. The original bonds have 14 years to maturity and are semiannual, with a coupon rate of 10% and a price of $1,265.01. There are 13,000 bonds outstanding from this senior issue. What is the new cost of capital for Hollydale's if the company still has 420,000 shares outstanding selling at $26.87 with an annual dividend growth rate of 4.0% and the last annual dividend of $1.60 ? The tax rate remains at 35%. What is the adjusted WACC for Hollydale's if the corporate tax rate is 35% ? \% (Round to two decimal places.)