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AllCity , Inc., is financed 4 1 % with debt, 7 % with preferred stock, and 5 2 % with common stock. Its pretax cost

AllCity, Inc., is financed 41% with debt, 7% with preferred stock, and 52% with common stock. Its pretax cost of debt is 5.8%, its preferred stock pays an annual dividend of $ 2.52 and is priced at $ 27. It has an equity beta of 1.18. Assume the risk-free rate is 1.9%, the market risk premium is 7.2% 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.

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