Homework: Com... Question 24, P 13-15 (si... > HW Score: 67.74%, 21 of 31 points O Points: 0 of 1 Save AllCity, Inc., is financed 42% with debt, 13% with preferred stock, and 45% with common stock. Its pretax cost of debt is 6.2%, its preferred stock pays an annual dividend of $2.51 and is priced at $35. It has an equity beta of 1.12. Assume the risk-free rate is 1.9%, the market risk premium is 6.6% and AllCity's tax rate is 25%. 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.)