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

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

Select one:

a. Long-term debt

b. Common stock raised by new issues

c. Accounts payable

d. Common stock raised by reinvesting earnings

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