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Ganja is right, but I'm pretty sure a WF is better than just an F. Also, if you ace it next time around there is a much higher chance this can be ignored. If there isn't a do over possible (i.e. no equivalent at your home university), it's a tougher situation but probably not a big deal.

Really depends on your academic goals - I had an academic suspension and still could have made grad school because I smartened up. My employer didn't care either - it's more important that that there isn't a pattern of this sort of academic performance.