18. The market value of Fords' equity, preferred stock, and debt are $7 billion, $2 billion, and $13 billion, respectively. Ford has a beta of 1.6, the market risk premium is 8%, and the risk-free rate of interest is 4%. Ford's preferred stock pays a dividend of $3 each year and trades at a price of $29 per share. Ford's debt trades with a yield to maturity of 7.5%. What is Ford's weighted average cost of capital if its tax rate is 40%?

O A.. 10.73%

O B. 9.39%

O C. 9.84%

OD. 8.95%