Adjusted WACC. Lewis runs an outdoor adventure company and wants to know what effect a tax change will have on his company's WACC. Currently, Lewis has the following financing patter: Equity: 44% and cost of 18.25% Preferred stock: 11% and cost of 14.86% Debt: 45% and cost of 12.3% before taxes What is the adjusted WACC for Lewis if the tax rate is a. 35%? What is the adjusted WACC for Lewis if the tax rate is 35%? 1% (Round to two decimal places.)