AllCity, Inc., is financed 35% with debt, 12% with preferred stock, and 53% with common stock. Its cost of debt is 5.7%, its preferred stock pays an annual dividend of $2.53 and is priced at $27. It has an equity beta of 1.13. Assume the risk-free rate is 2.3%, the market risk premium is 6.9% and AllCity's tax rate is 35%.

What is its after-tax WACC?

The WACC is ????%. (Round to two decimal places.)