Hollydale's is a clothing store in East Park. It paid an annual dividend of $1.80 last year to its shareholders and plans to increase the dividend annually at 4.0%. It has 600,000 shares outstanding. The shares currently sell for $18.84 per share. Hollydale's has 20,000 semiannual bonds outstanding with a coupon rate of 6.5%, a maturity of 15 years, and a par value of $1,000. The bonds are currently selling for $870.31 per bond. What is the adjusted WACC for Hollydale's if the corporate tax rate is 40%?