The WACC of Canadian Imperial Bank of Commerce (CM.TO) is 5.9%.
| Range | Selected | |
| Cost of equity | 7.50% - 10.50% | 9.00% |
| Tax rate | 22.20% - 22.50% | 22.35% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 5.3% - 6.5% | 5.9% |
| Category | Low | High |
| Long-term bond rate | 3.2% | 3.7% |
| Equity market risk premium | 5.1% | 6.1% |
| Adjusted beta | 0.86 | 1.04 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.50% | 10.50% |
| Tax rate | 22.20% | 22.50% |
| Debt/Equity ratio | 1.54 | 1.54 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 5.3% | 6.5% |
| Selected WACC | 5.9% | |