The market value of Fords' equity, preferred stock, and debt are $8 billion, $3 billion, and $15 billion, respectively. Ford has a beta of 1.6, 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 $26 per share. Ford's debt trades with a yield to maturity of 9%. What is Ford's weighted average cost of capital if its tax rate is 40%? A. 11.17% B. 10.24% C. 9.31% D. 9.77%