The WACC of Devon Energy Corp (DVN) is 7.7%.
| Range | Selected | |
| Cost of equity | 6.80% - 10.60% | 8.70% |
| Tax rate | 18.00% - 19.90% | 18.95% |
| Cost of debt | 4.60% - 6.40% | 5.50% |
| WACC | 6.1% - 9.3% | 7.7% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.65 | 1.02 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.80% | 10.60% |
| Tax rate | 18.00% | 19.90% |
| Debt/Equity ratio | 0.29 | 0.29 |
| Cost of debt | 4.60% | 6.40% |
| After-tax WACC | 6.1% | 9.3% |
| Selected WACC | 7.7% | |