AllCity Inc. is financed 45% with debt, 15% with preferred stock, and 40% with common stock. Its pre-tax cost of debt is 6%; its preferred stock pays an annual dividend of $2.25 and is priced at $32. It has an equity beta of 1.3. Assume the risk-free rate is 2%, the market risk premium is 5%, and AllCity's tax rate is 35%.What is its after-tax WACC?

What is its after-tax WACC? rwacc=enter your response here (Round to five decimal places.)