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: 34% and cost of 20.45% Preferred stock 21% and cost of 15.43% Debt: 45% and cost of 12.5% before taxes What is the adjusted WACC for Lewis if the tax rate 15 a. 40% What is the adjusted WACC for Lewis if the tax rate is 40%? % (Round to two decimal placea. )