The market value of Fords' equity, preferred stock and debt are $6 billion, 55 billion and $12 billion respectively. Ford has a beta of 1.4, the market risk premium is 6% 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 $26 per share. Ford's debt trades with a yield to maturity of 8%. What is Ford's weighted average cost of capital if its tax rate is 25%? ... O A. 7.75% OB. 8.61% O C. 7.32% OD. 8.18%