The WACC of First Commonwealth Financial Corp (FCF) is 9.0%.
| Range | Selected | |
| Cost of equity | 8.00% - 11.30% | 9.65% |
| Tax rate | 19.80% - 20.00% | 19.90% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 7.6% - 10.5% | 9.0% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.9 | 1.15 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.00% | 11.30% |
| Tax rate | 19.80% | 20.00% |
| Debt/Equity ratio | 0.13 | 0.13 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 7.6% | 10.5% |
| Selected WACC | 9.0% | |