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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? Common stock

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

Common stock raised by new issues.

Accounts payable.

Common stock raised by reinvesting earnings.

Preferred stock.

Long-term debt.

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