nce P11-19 (similar to) Question Help Adjusted WACC. 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 440,000 shares outstanding. The shares currently sell for $25.81 per share. Hollydale's has 17,000 semiannual bonds outstanding with a coupon rate of 11%, a maturity of 22 years, and a par value of $1,000. The bonds are currently selling for $1,374.30 per bond. What is the adjusted WACC for Hollydale's if the corporate tax rate is 25%