AllCity, Inc., is financed 44% with debt, 6% with preferred stock, and 50% with common stock. Its pretax cost of debt is 6.46%, its preferred stock pays an annual dividend of $2.47 and is priced at $32.64. It has an equity beta of 1.14. Assume the risk-free rate is 1.75%, the market risk premium is 6.56% and AllCity's tax rate is 30%. What is its after-tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield. AllCity's after-tax WACC is %. (Round to two decimal places.)