AllCity, Inc., is financed $42\%$ with debt, $5\%$ with preferred stock, and $53\%$ with common stock. Its pretax cost of debt is $5\mathrm{.}9\%,$ its preferred stock pays an annual dividend of $$2\mathrm{.}55$ and is priced at $$35.$ It has an equity beta of $1\mathrm{.}19.$ Assume the risk$-$free rate is $1\mathrm{.}7\%,$ the market risk premium is $6\mathrm{.}7\%$ 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.$)$