22. The market value of Fords' equity, preferred stock, and debt are $6 billion, $3 billion, and $12 billion, respectively. Ford has a beta of 1.6, the market risk premium is 8%, and the risk-free rate of interest is 5%. Ford's preferred stock pays a dividend of $4 each year and trades at a price of $27 per share. Ford's debt trades with a yield to maturity of 7.5%. What is Ford's weighted average cost of capital if its tax rate is 35%? A. 9.99% B. 10.49% C. 10.99% D. 11.99% 23. The principal goal of a financial manager is to maximize the wealth of the stockholders. True False