AllCity Inc. is financed $40\%$ with$$ debt, $10\%$ with preferred$$ stock, and $50\%$ with common stock. Its$$ pre$-$tax cost of debt is $6\%$; its preferred stock pays an annual dividend of $$$$2\mathrm{.}25$ and is priced at $$$$30.$ It has an equity beta of $1\mathrm{.}3.$ Assume the$$ risk$-$free rate is $2\%,$ the market risk premium is $6\%,$ and$$ AllCity's tax rate is $35\%.$ What is its$$ after$-$tax WACC?

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Part $1$

What is its$$ after$-$tax WACC?

rwacc$=$enter your response here $($Round to five decimal$$ places.$)$