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Please answer all parts! Thank you! AllCity, Inc., is financed 39% with debt, 13% with preferred stock, and 48% with common stock. Its cost of

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Please answer all parts! Thank you!

AllCity, Inc., is financed 39% with debt, 13% with preferred stock, and 48% with common stock. Its cost of debt is 5.7%, its preferred stock pays an annual dividend of $2.54 and is priced at $25. It has an equity beta of 1.16. Assume the risk-free rate is 2.4%, the market risk premium is 7.4% and AllCity's tax rate is 35%. What is its after-tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield. The WACC is 1%. (Round to two decimal places.)

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