The market value of Fords' equity preferred stock and debt are $7 billion, 55 billion and $12 billion respectively. Ford has a beta of 13, the market risk premium is 8% and the risk-free rate of interest is 3%. Ford's preferred stock pays a dividend of S4 each year and trades at a price of 530 per share. Ford's debt trades with a yield to maturity of 95%. What is Ford's weighted average cost of capital if its tax rate is 25%? A 9.74% OB. 8.71% OC 9.22% D. 10.25%