Adjusted WACC. Hollydale's will issue an additional 5,000 bonds with the help of an investment banker. The bonds will be semiannual bonds with a maturity of 30 years. The coupon rate will be 11%, and the par value $ 000 These bonds will be sold at $ 01 3.80 in the market, but the investment banker w receive a 5.5% commission on he sold bonds. The ongi al bonds have 4 years o maturity andare semiannual it a coupon rate o 9.5% and a price o 1,220 84. There are 1 000 bonds outstanding from this senior issue. What is the new cost o capital for Hollydale's he company still has 5 0 shares outstanding selling at $20.11 with an annual dividend growth rate of 2.5% and the last annual dividend of $2.20? The tax rate remains at 35%. What is the adjusted WACC for Hollydale's if the corporate tax rate is 35%? % (Round to two decimal places.)