Problem 12-15 (bookmatch) Question Help AllCity Inc. is financed 40% with debt, 10% with preferred stock, and 50% 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 $30. It has an equity beta of 1.1. 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? What is its after-tax WACC? wacc = (Round to five decimal places.)