Which of the following statements regarding the determination of the weighted-average cost of capital (WACC) is not true? Mutiple Chotce In esamating the cost of debt, the analyst typically estimates the current yield to-maturity of the debt instruments in the company's capital structure. The cost of preferred stock is Included in the estimation process The capital asset pricing model (CAPM) cannot be used to estimate the cost of debt for a compary Market, not book, values of the components of copital are preferable in terms of determining weights for the weighted-average calculation The copital asset pricing model (CAPM) can be used to estimate the cost of equity for a non-public company