AllCity, Inc., is financed 42% with debt, 9% with preferred stock, and 49% with common stock. Its cost of debt is 6.3%, its preferred stock pays an annual dividend of $2.55 and is priced at $27. It has an equity beta of 1.14. Assume the risk-free rate is 2%, the market risk premium is 7.2% 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 \%. (Round to two decimal places.)