Assume the market value of Ford's equity, preferred stock and debt are $7billion. $4billion and $10 billion respectively. Ford has a beta of 1.4, the market risk premium is 6% and the risk free rate of interest if 4%. Fords preferred stock pays a dividend of $3 each year and trades at a price pf $25 per share. Fords debt trades with a yield to maturity of 8.5%. what is fords Weighted Average Cost of Capital(WACC)if its tax rate is 35%?