The WACC of Emergent BioSolutions Inc (EBS) is 6.5%.
| Range | Selected | |
| Cost of equity | 9.10% - 12.70% | 10.90% |
| Tax rate | 16.60% - 26.10% | 21.35% |
| Cost of debt | 4.00% - 7.00% | 5.50% |
| WACC | 5.3% - 7.7% | 6.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.13 | 1.39 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.10% | 12.70% |
| Tax rate | 16.60% | 26.10% |
| Debt/Equity ratio | 1.98 | 1.98 |
| Cost of debt | 4.00% | 7.00% |
| After-tax WACC | 5.3% | 7.7% |
| Selected WACC | 6.5% | |