The WACC of Cleveland-Cliffs Inc (CLF) is 9.4%.
| Range | Selected | |
| Cost of equity | 7.50% - 10.40% | 8.95% |
| Tax rate | 22.30% - 24.00% | 23.15% |
| Cost of debt | 5.90% - 20.90% | 13.40% |
| WACC | 6.3% - 12.6% | 9.4% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.78 | 0.99 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.50% | 10.40% |
| Tax rate | 22.30% | 24.00% |
| Debt/Equity ratio | 0.66 | 0.66 |
| Cost of debt | 5.90% | 20.90% |
| After-tax WACC | 6.3% | 12.6% |
| Selected WACC | 9.4% | |