Alicity, Inc, is financed 37% with debe, 6% with prelerred stock, and 57% with common stock. its pretax cost of debt is 6.4%, its preferred stock pays an annual dividend of $2.52 and is priced at \$32. it has an equity beta of 1.2 . Assume the risk-free rate is 1.7%, the market risk pcemium is 7.2% and AlCitys tax rate is 25%. What is its after-tax WhCC? Note: Assume that the firm will always be able to utilise its full interest tax shield. The WACC is (R. (Round to two decimal places.)