Adjusted WACC. Hollydale's will issue an additional 8,000 bonds with the help of an investment banker. The bonds will be semiannual bonds with a maturity of 24 years. The coupon rate will be 12%, and the par value $1,000. These bonds will be sold at $1,450.18 in the market, but the investment banker will receive a 6.5% commission on the sold bonds. The original bonds have 15 years to maturity and are semiannual, with a coupon rate of 10% and a price of $1,392.01. 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 510,000 shares outstanding selling at $27.01 with an annual dividend growth rate of 4.0% and the last annual dividend of $2.30? The tax rate remains at 20%. What is the adjusted WACC for Hollydale's if the corporate tax rate is 20%? % (Round to two decimal places.)