The market value of Fords' equity, preferred stock and debt are $6 billion, $5 billion and $10 billion respectively. Ford has a beta of 1.2, the market risk premium is 6% and the risk-free rate of interest is 4%. Ford's preferred stock pays a dividend of $5 each year and trades at a price of $28 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. 9.44% OB. 8.91% C. 9.96% D. 10.49%