AMCity, ine, is financed 35% with debt, 5% weth prelerred stock, and 60% with commen stack. its pretax cost of debt is 6.4%, its preforred stock pays an annual dividend of $2.51 and is peiced at \$91. t bas an equly beta of 1.12. Assume the risk tee fate is 2%, the makket risk premium is 7.2% and AAC ty's tax rate is 25%. What is its allectax WACC? Note: Assume that the firm will always be able to uticre its full interest tax shield. The WACC is 14. (Round to two decimal plabes)