AllCity, Inc., is financed 41% with debt, 9% with preferred stock, and 50% with common stock. Its cost of debt is 6.2%, its preferred stock pays an annual dividend of $2.54 and is priced at $31. It has an equity beta of 1.14. Assume the risk-free rate is 1.6%, the market risk premium is 7.4% 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.