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AllCity, Inc., is financed 39 % with debt, 13 % with preferred stock, and 48 % with common stock. Its cost of debt is 6

AllCity, Inc., is financed 39 % with debt, 13 % with preferred stock, and 48 % with common stock. Its cost of debt is 6 %, its preferred stock pays an annual dividend of $ 2.48 and is priced at $ 30. It has an equity beta of 1.18. Assume the risk-free rate is 1.9 %, the market risk premium is 7.3 % and AllCity's tax rate is 35 %. What is its after-tax WACC

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