The WACC of Devon Energy Corp (DVN) is 7.5%.
| Range | Selected | |
| Cost of equity | 6.50% - 9.90% | 8.20% |
| Tax rate | 18.00% - 19.90% | 18.95% |
| Cost of debt | 4.50% - 6.40% | 5.45% |
| WACC | 6.0% - 9.0% | 7.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.58 | 0.89 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.50% | 9.90% |
| Tax rate | 18.00% | 19.90% |
| Debt/Equity ratio | 0.23 | 0.23 |
| Cost of debt | 4.50% | 6.40% |
| After-tax WACC | 6.0% | 9.0% |
| Selected WACC | 7.5% | |