Ford has 10,000 bonds outstanding with a 6% semi-annual coupon rate, 10 years to maturity, a $1000 face value, and a $1,200 market price. The campanys 200,000 shares of preferred stock pay a $3 annual dividend, sell for $25 per share and have a bets of 2. The risk free rate is 4% and the market return is 12%. Assuming a 35% tax rate, what is Ford's WACC? ***Show All Work***