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Hollydale's is a clothing store in East Park. It paid an annual dividend of $1.50 last year to its.2 shareholders and plans to increase the

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Hollydale's is a clothing store in East Park. It paid an annual dividend of $1.50 last year to its.2 shareholders and plans to increase the dividend annually at 5.0%. It has 590,000 shares outstanding. The shares currently sell for $17.83 per share. Hollydale's has 14,000 semiannual bonds outstanding with a coupon rate of 10%, a maturity of 20 years, and a par value of $1,000. The bonds are currently selling for $958.53 per bond. What is the adjusted WACC * ?for Hollydale's if the corporate tax rate is 15% ale's if the cor

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