AllCity, Inc., is financed

44% with debt,

7%with preferred stock, and

49%with common stock.

Its cost of debt is 5.8%,

its preferred stock pays an annual dividend of $2.48

and is priced at $26.

It has an equity beta of 1.19.

Assume the risk-free rate is 2.4%,

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.