Hollydale's will issue an additional $8,000$ bonds with the help of an investment banker. The bonds will be semiannual bonds with a maturity of $24$ years. The coupon rate will b

$10\mathrm{.}5\%,$ and the par value $$1,000.$ These bonds will be sold at $$1,338\mathrm{.}56$ in the market, but the investment banker will receive a $5\mathrm{.}5\%$ commission on the sold bonds. The original bonds have $12$

years to maturity and are semiannual, with a coupon rate of $9\mathrm{.}5\%$ and a price of $$1,200\mathrm{.}73.$ There are $19,000$ bonds outstanding from this senior issue. What is the new cost of capital for Hollydale's

if the company still has $480,000$ shares outstanding selling at $$20\mathrm{.}37$ with an annual dividend growth rate of $3\mathrm{.}0\%$ and the last annual dividend of $$1\mathrm{.}20?$ The tax rate remains at $30\%.$

What is the adjusted WACC for Hollydale's if the corporate tax rate is $30\%?$

$\%($Round to two decimal places.$)$