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AllCity Inc. is financed $45\%$ with debt, $20\%$ with preferred stock, and $35\%$ with common stock. Its pre$-$tax cost of debt is $6\%,$ its preferred stock pays an annual dividend of $$2\mathrm{.}25$ and is priced at $$28.$ It has an equity beta of $1\mathrm{.}2.$ 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.