AllCity, Inc., is financed 45% with debt, 13% with preferred stock, and 42% with common stock. Its cost of debt is 6.2%, its preferred stock pays an annual dividend of $2 52 and is priced at $30. It has an equity beta of 1.19. Assume the risk-free rate is 2.2%, the market risk premium is 6.7% 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.)