The WACC of First Bancorp (North Carolina) (FBNC) is 7.8%.
| Range | Selected | |
| Cost of equity | 7.00% - 10.30% | 8.65% |
| Tax rate | 20.80% - 21.00% | 20.90% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 6.5% - 9.1% | 7.8% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.68 | 0.97 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.00% | 10.30% |
| Tax rate | 20.80% | 21.00% |
| Debt/Equity ratio | 0.22 | 0.22 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 6.5% | 9.1% |
| Selected WACC | 7.8% | |