AllCity Inc. is financed 45% with debt, 10% with preferred stock, and 45% with common stock. Its pre-tax cost of debt is 6%; its preferred stock pays an annual dividend of $2.50 and is priced at $28. It has an equity beta of 1.4 . Assume the risk-free rate is 2%, the market risk premium is 6%, and AllCity's tax rate is 35%. What is its after-tax WACC? What is its after-tax WACC? rwacc= (Round to five decimal places. )