AllCity, Inc., is financed 38% with debt, 10% with preferred stock, and 52% with common stock. Its pretax cost of debt is 5.6%, its preferred stock pays an annual dividend of $2.52 and is priced at $35. It has an equity beta of 1.13. Assume the risk-free rate is 1.6%, the market risk premium is 6.7% 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.