AllCity, Inc., is financed 41% with debt, 14% with preferred stock, and 45% with common stock. Its cost of debt is 56%, its preferred stock pays an annual dividend of $255 and is priced at $33. It has an equity beta of 1.15. Assume the risk-free rate is 2.4%, the market risk premium is 68% 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 % (Round to two decimal places)