AllCity, Inc., is financed 41% with debt, 7% with preferred stock, and 52% with common stock. Its cost of debt is 5.8%, its preferred stock pays an annual dividend of $2.49 and is priced at $35. It has an equity beta of 1.18. Assume the risk-free rate is 2.3%, the market risk premium is 7.3% 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 nothing%. (Round to two decimal places.)