Alicity, Inc. is financed 40% with debt, 13% with preferred stock and 47% with common stock. Its cost of debt is 6%, its preferred stock pays an annual dividend of 52 53 and is priced at $31 It has an equity beta of 1 19. Assume the risk free rate is 2,5% the market nisk premium is 69% and AllCity's tax rate is 35% What is its after tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield The WACC 5% (Round to two decimal places)