AlCity, Inc, is financed 40% with debt, 7% with preforred stock; and 53% wath common stock. Its pretax cost of debt is 6%, its preferred stock pays an annual dividend ol $753 and is priced at 539. It has an equity beta of 1.11. Assume the risk free rale is 2%, the market risk premurn is 71% and AlCity's tax rate is 25%. What is its after-tax WACC? Note Assurne that the firm will always be able to utiliee its full interest tax shield The WACC is TRound to two decimal places)