AllClty, Inc., is financed $40\%$ with debt, $10\%$ with preferred stock, and $50\%$ with common stock. Its cost of debt is $6\%,$ ifs preferred stock pays an annual dividend of $$2\mathrm{.}50$ and is priced at $$30.$ It has an equity beta of $1\mathrm{.}1.$ Assume the risk$-$free rate is $2\%,$ the market risk premium is $7\%$ and AllCity's tax rate is $35\%.$ What is its after$-$tax WACC?

The WACC is

$\%.($Round to two decimal places.$)$