AllCity, Inc., is financed 42 % with debt, 13 % with preferred stock, and 45 % with common stock. Its cost of debt is 5.6 % , its preferred stock pays an annual dividend of $ 2.47 and is priced at $ 29 . It has an equity beta of 1.19 . Assume the risk-free rate is 2.3 % , the market risk premium is 6.9 % 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 nothing %. (Round to two decimal places.)