44. Which of the following is not considered a capital component? a. Long-term debt. b. Common stock. c. Short-term debt. d. Preferred stock. e. All of the above are considered capital components. 45. Which of the following is not considered a capital component for the purpose of calculating the weighted average cost of capital as it applies to capital budgeting? a. Long-term debt. b. Common stock. c. Short-term debt. d. Preferred stock e. All of the above are considered capital components for WACC and capital budgeting purposes 46. Relative Glasses has bonds outstanding that mature in 13 years, have a 6 percent coupon, and pay interest annually. These bonds have a face value of $1,000 and a current market price of $1,040. What is the company's after-tax cost of debt if its tax rate is 32 percent? a. 2.97 percent b. 3.24 percent c. 3.78 percent d. 5.21 percent e. 5.53 percent 47, PV&A's has a debt equal to 35% weight of capital, which consists only of debt and equity, and a tax rate of 35 percent. The firm does not issue preferred stock. The cost of equity is 14.5 percent and the pre-tax cost of debt is 7.38 percent. What is the weighted average cost of capital? Round your calculations to two decimals. a. 10.46 percent b. 10.67 percent c. 11.06 percent d. 11.38 percent e. 11.57 percent