Which of the following statements is CORRECT? The WACC as used in capital budgeting is an estimate of the cost of all the capital a company has raised in the past to acquire its assets O The WACC as used in capital budgeting is an estimate of a company's before-tax cost of capital for all components. O The cost of retained earnings typically exceeds the cost of new common stock. O The percentage flotation cost associated with issuing new common equity is typically smaller than the flotation cost for new debt. O The WACC as used in capital budgeting should be a firm's marginal, after-tax cost of capital for all components. Which of the following statements is CORRECT? 5 pts O The WACC as used in capital budgeting is an estimate of the cost of all the capital a company has raised in the past to acquire its assets The WACC as used in capital budgeting is an estimate of a company's before-tax cost of capital for all components. O The cost of retained earnings typically exceeds the cost of new common stock O The percentage flotation cost associated with issuing new common equity is typically smaller than the flotation cost for new debt. The WACC as used in capital budgeting should be a firm's marginal, after-tax cost of capital for all components