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Which is true of flotation costs in calculating WACC? They should be added back at the end of the projects, when they are due to

Which is true of flotation costs in calculating WACC?
They should be added back at the end of the projects, when they are due to be paid
The firm's WACC should be adjusted upward to account for them.
They are sunk costs and should be ignored.
They are relevant cash flows.
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