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1. Which of the following is NOT a capital component when calculating the weighted average cost of capital (WACC) for use in capital budgeting? a.

1. Which of the following is NOT a capital component when calculating the weighted average cost of capital (WACC) for use in capital budgeting?

a. Long-term debt.

b. Accounts payable.

c. Retained earnings.

d. Common stock.

e. Preferred stock.

.

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