AllCity Inc. is financed 45% with debt, 20% with preferred stock, and 35% 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 $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= (Round to five decimal places.)