Adjusted WACC. $$ Hollydale's will issue an additional $7,000$ bonds with the help of an investment banker. The bonds will be semiannual bonds with a maturity of $20$ years. The coupon rate will be $10\mathrm{.}5\%,$ and the par value $$$$1,000.$ These bonds will be sold at $$$$1,015\mathrm{.}75$ in the$$ market, but the investment banker will receive a $5\mathrm{.}5\%$ commission on the sold bonds. The original bonds have $13$ years to maturity and are$$ semiannual, with a coupon rate of $8\mathrm{.}5\%$ and a price of $$$$1,223\mathrm{.}46.$ There are $12,000$ bonds outstanding from this senior issue. What is the new cost of capital for$$ Hollydale's if the company still has $530,000$ shares outstanding selling at $$$$18\mathrm{.}01$ with an annual dividend growth rate of $3\mathrm{.}0\%$ and the last annual dividend of $$1\mathrm{.}80?$ The tax rate remains at $25\%.$