AllCity, Inc., is financed

42%

with debt,

5%

with preferred stock, and

53%

with common stock. Its cost of debt is

5.7%,

its preferred stock pays an annual dividend of

$2.46

and is priced at

$33.

It has an equity beta of

1.15.

Assume the risk-free rate is

2.1%,

the market risk premium is

7.1%

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)