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Assume the market value of Fords' equity, preferred stock, and debt are $6 billion, $3 billion, and $12 billion, respectively. Ford has a beta of 1.4 , the market risk premium is 8%, and the risk-free rate of interest is 5%. Ford's preferred stock pays a dividend of $2 each year and trades at a price of $26 per share. Ford's debt trades with a yield to maturity of 8.5%. What is Ford's weighted average cost of capital if its tax rate is 25% ? A) 11.24% B) 10.31% C) 9.37% D) 9.84%