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A ACily, Inc, is financed 45% with debt, 15% with preferred stock, and 40% with comrnon stock. Its pretax cost of debt is 5.5%, its

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A ACily, Inc, is financed 45% with debt, 15% with preferred stock, and 40% with comrnon stock. Its pretax cost of debt is 5.5%, its preferred stock pays an annual dividend of 52.46 and is priced at 533. It has an equily beta of 1.16. Assume the risk free rate is 1.9%, the market risk premium is 7.3% and AliCity's tax rate is 25%. What is its after tax WaCC? Note Assume that the fiem wall always te able to utilize its full hiterest tax shield The WACC ls (Pound to two decinal places.)

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