AllCity, Inc., is financed 42% with debt, 11% with preferred stock, and 47% with common stock. Its pretax cost of debt is 6.3%, its preferred stock pays an annual dividend of $2.47 and is priced at $34. It has an equity beta of 1.16. Assume the risk-free rate is 2.2%, the market risk premium is 6.9% 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%. (Round to two decimal places.)

Note Assume that the firm wil always be able to vilize is All interest tar sheld. The WACC is 6. (Round to two decimal places)