AllCity, Inc., is financed 35% with debt, 9% with preferred stock, and 56% with common stock. Its cost of debt is 5.9%, its preferred stock pays an annual dividend of $2.54 and is priced at $25. It has an equity beta of 1.16. Assume the risk-free rate is 1.8%, the market risk premium is 7.3% 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 is _____%