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AllCity Inc. is financed 3 5 % with debt, 1 5 % with preferred stock, and 5 0 % with common stock. Its pre -

AllCity Inc. is financed 35% with debt, 15% with preferred stock, and 50% with common stock. Its pre-tax cost of debt is 6%; its preferred stock pays an annual dividend of $2.75 and is priced at $27. It has an equity beta of 1.2. Assume the risk-free rate is 2%, the market risk premium is 7%, and AllCity's tax rate is 35%. What is its after-tax WACC?
What is its after-tax WACC?
rwacc=(Round to five decimal places.)
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