AllCity, Inc. is financed 40% with debt, 11% with preferred stock, and 49% with common stock. Its cost of debt is 5,8%, its preferred stock pays an annual dividend of $2.46 and is priced at $34. It has an equity beta of 1.15. Assume the risk-free rate is 2.4%, the market risk premium is 6.6% 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 % (Round to two decimal places.)