AllCity, Inc., is financed 40 % with debt, 13% with preferred stock, and 47% with common stock. Its cost of debt is 6.3 %, its preferred stock pays an annual dividend of $2.51 and is priced at $ 25. It has an equity beta of 1.14. Assume the risk-free rate is 2.2%, the market risk premium is 6.9 % and AllCity's tax rate is 35%. What is its after-tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield.