30. AllCity, Inc., is financed 40% with​ debt, 10% with preferred​ stock, and 50% with common stock. Its pretax 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 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.)

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A:

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