The WACC of Devon Energy Corp (DVN) is 7.1%.
| Range | Selected | |
| Cost of equity | 6.10% - 9.30% | 7.70% |
| Tax rate | 18.00% - 19.90% | 18.95% |
| Cost of debt | 4.60% - 6.40% | 5.50% |
| WACC | 5.7% - 8.6% | 7.1% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.49 | 0.79 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.10% | 9.30% |
| Tax rate | 18.00% | 19.90% |
| Debt/Equity ratio | 0.22 | 0.22 |
| Cost of debt | 4.60% | 6.40% |
| After-tax WACC | 5.7% | 8.6% |
| Selected WACC | 7.1% | |