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Hello, I'm having trouble figuring this out. Can you help me? Which of the following components is NOT considered a capital component for the purpose

Hello, I'm having trouble figuring this out. Can you help me?

Which of the following components is NOT considered a capital component for the purpose of calculating the weighted average cost of capital (WACC) as it applies to capital budgeting?

Preferred stock

Short-term debt

Long-term debt

Common stock

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