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AllCity Inc. is financed 38% with debt, 6% with preferred stock, and 56% with common stock. Its cost of debt is 5.9% and its cost

AllCity Inc. is financed 38% with debt, 6% with preferred stock, and 56% with common stock. Its cost of debt is 5.9% and its cost of preferred stock is 9.65%. It has an equity beta of 1.16. Assume the risk-free rate is 2.4%, the market risk premium is 7.1% and AllCitys tax rate is 35%. What is its after-tax WACC?

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