AllCity, Inc., is financed 40% with debt, 14% with preferred stock, and 46% with common stock. Its pretax cost of debt is 5.95%, its preferred stock pays an annual dividend of $2.51 and is priced at $26.04. It has an equity beta of 1.12 . Assume the risk-free rate is 1.88%, the market risk premium is 7.04% and AllCity's tax rate is 21%. What is its after-tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield. AllCity's after-tax WACC is \%. (Round to two decimal places.)