The WACC of Air Products and Chemicals Inc (APD) is 7.1%.
| Range | Selected | |
| Cost of equity | 6.80% - 8.90% | 7.85% |
| Tax rate | 18.90% - 19.30% | 19.10% |
| Cost of debt | 4.00% - 4.50% | 4.25% |
| WACC | 6.2% - 8.0% | 7.1% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.64 | 0.71 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.80% | 8.90% |
| Tax rate | 18.90% | 19.30% |
| Debt/Equity ratio | 0.2 | 0.2 |
| Cost of debt | 4.00% | 4.50% |
| After-tax WACC | 6.2% | 8.0% |
| Selected WACC | 7.1% | |