AllCity, Inc., is financed 38% with debt, 10% with preferred stock, and 52% with common stock. Its cost of debt is 6.4%, its preferred stock pays an annual dividend of $2.55 and is priced at $33. It has an equity beta of 1.15, Assume the risk-free rate is 1.6%, the market risk premium is 7.1% and AllCity's tax rate is 35%. What is ils after-tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield The WACCI%. (Round to two decimal places.)