The WACC of Air Products and Chemicals Inc (APD) is 7.7%.
| Range | Selected | |
| Cost of equity | 7.50% - 9.50% | 8.50% |
| Tax rate | 18.90% - 19.40% | 19.15% |
| Cost of debt | 4.00% - 4.60% | 4.30% |
| WACC | 6.9% - 8.6% | 7.7% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.79 | 0.82 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.50% | 9.50% |
| Tax rate | 18.90% | 19.40% |
| Debt/Equity ratio | 0.18 | 0.18 |
| Cost of debt | 4.00% | 4.60% |
| After-tax WACC | 6.9% | 8.6% |
| Selected WACC | 7.7% | |