AllCity, Inc., is financed 37 % with debt, 10 % with preferred stock, and 53 % with common stock. Its cost of debt is 5.6 %, its preferred stock pays an annual dividend of $ 2.52 and is priced at $ 30. It has an equity beta of 1.15. Assume the risk-free rate is 1.7 %, the market risk premium is 6.5 % 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.