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 23 years. The coupon rate will be 6.5%, and the par value $1,000. These bonds will be sold at $763.56 in the market, but the investment banker will receive a 5.5% commission on the sold bonds. The original bonds have 10 years to maturity and are semiannual, with a coupon rate of 6% and a price of $750.76. There are 17,000 bonds outstanding from this senior issue. What is the new cost of capital for Hollydale's if the company still has 490,000 shares outstanding selling at $21.18 with an annual dividend growth rate of 3.5% and the last annual dividend of $1.40? The tax rate remains at 25%. What is the adjusted WACC for Hollydale's if the corporate tax rate is 25%?