Hollydale's is a clothing store in East Park. It paid an annual dividend of $2.30 last year to its shareholders and plans to increase the dividend annually at 2.5%. It has 470,000 shares outstanding. The shares currently sell for $25.43 per share. Hollydale's has 11,000 semiannual bonds outstanding with a coupon rate of 7%, a maturity of 23 years, and a par value of $1,000. The bonds are currently selling for $945.59 per bond. What is the adjusted WACC for Hollydale's if the corporate tax rate is 20%?