AllCity, Inc is financed 40% with debt 8% with preferred stock, and 52% with common stock its cost of debt is 5.6%, its preferred stock pays an annual dividend of $2 53 and is priced at $26 it has an equity beta of 12 Assume the risk-free rate is 19% the market risk premium is 7% 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 The WACC is 1% (Round to two decimal places)