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 pattern: Equity: 35% and cost of 20.02% Preferred stock: 21% and cost of 13.97% Debt: 44% and cost of 12.1% 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%? % (Round to two decimal places.)