1.AllCity, Inc., is financed 44% with? debt, 5% with preferred? stock, and 51% with common stock. Its cost of debt is 5.7%?, its preferred stock pays an annual dividend of $2.48 and is priced at

$26.It has an equity beta of 1.14.Assume the? risk-free rate is 1.8%?, the market risk premium is 7%and? AllCity's tax rate is 35%.

What is its? after-tax WACC?

2.Pfd Company has debt with a yield to maturity of 7.6%?, a cost of equity of 15.1%?, and a cost of preferred stock of 9.9%. The market values of its? debt, preferred? stock, and equity are $13.6

million, $3.4 ?million, and $13.1 ?million, respectively, and its tax rate is 40%. What is this? firm's after-tax? WACC?