AllCity, Inc., is financed $42\%$ with debt, $7\%$ with preferred stock, and $51\%$ with common stock. Its pretax cost of debt is

$6\%,$ its preferred stock pays an annual dividend of $$2\mathrm{.}52$ and is priced at $$28.$ It has an equity beta of $1\mathrm{.}13.$ Assume

the risk$-$free rate is $2\mathrm{.}4\%,$ the market risk premium is $7\mathrm{.}4\%$ 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.$)$