The WACC of Ares Management Corp (ARES) is 7.5%.
| Range | Selected | |
| Cost of equity | 6.50% - 9.00% | 7.75% |
| Tax rate | 13.50% - 13.90% | 13.70% |
| Cost of debt | 4.00% - 12.40% | 8.20% |
| WACC | 5.4% - 9.6% | 7.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.57 | 0.74 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.50% | 9.00% |
| Tax rate | 13.50% | 13.90% |
| Debt/Equity ratio | 0.52 | 0.52 |
| Cost of debt | 4.00% | 12.40% |
| After-tax WACC | 5.4% | 9.6% |
| Selected WACC | 7.5% | |