AllCity Inc. is financed $50\%$ with debt, $20\%$ with preferred stock, and $30\%$ with common stock. Its pre$-$tax cost of debt is $6\%$; its preferred stock pays an annual dividend of $$2\mathrm{.}50$ and is priced at $$30.$ It has an equity beta of $1\mathrm{.}3.$ 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?

$r_{\text{w}\text{a}\text{c}\text{c}}=$

$($Round to five decimal places.$)$