AllCity, Inc., is financed $41\%$ with debt, $15\%$ with preferred stock, and

$44\%$ with common stock. Its pretax cost of debt is $5\mathrm{.}7\%,$ its preferred

stock pays an annual dividend of $$2\mathrm{.}55$ and is priced at $$29.$ It has an

equity beta of $1\mathrm{.}2.$ Assume the risk$-$free rate is $1\mathrm{.}9\%,$ the market risk

premium is $7\mathrm{.}2\%$ 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.

The WACC is

$\%.($Round to two decimal places.$)$