The market value of Fords' equity, preferred stock and debt are $7 billion, $3 billion and $11 billion respectively. Ford has a beta of 1.1, the market risk premium is 8% and the risk-free rate of interest is 3%. Ford's preferred stock pays a dividend of $3 each year and trades at a price of $30 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 35%? O A. 7.02% OB. 7.84% C. 8.26% OD. 7.43%