Adjusted WACC. Lewis runs an outdoor adventure company and wants to know what effect a tax change will have on his company's WACC. Currently, Lewis has the following financing patter; Equity: 32% and cost of 16.88% Preferred stock: 15% and cost of 13.06% Debt: 53% and cost of 11.6% before taxes What is the adjusted WACC for Lewis if the tax rate is a. 40%? What is the adjusted WACC for Lewis if the tax rate is 40%? % (Round to two decimal places.)