AllCity, Inc., is financed 37% with debt 13% with preferred stock, and 50% with common stock. Its pretax cost of debt is 6.5%, Its preferred stock pays an annual dividend of $2.53 and is priced at $34. It has an equity bata of 1.11. Assume the risk-free rate is 2.2%, the market risk premium is 7.2% and AllCity's tax rate is 25%. 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 7,98% (Round to two decimal places.)