This crankshaft position sensor is starting to become a common problem.
I had to replace mine a couple of months ago. Since we were forced to replace the darn thing. The car would turn over but not start. We used that code reader to troubleshoot, and found out what to meter.
That part that I replaced was about $25 from the Ford dealership by my house. I really couldn't shop around since I needed the car asap, considering I had to go to work.