AllCity, Inc is financed 37% with debt, 15% with preferred stock and 48% with common stock. Its cost of debt is 6.4%, its preferred stock pays an annual dividend of $2.49 and is priced at $29. It has an equity beta of 112 Assume the risk-free rate is 19%, the market risk premiurn is 74% and Alchy's tax rate is 35% What is its Note: Assume that the firm will always be able to utilize its full interest tax shield The WACC is % (Round to wo decimal places)