The WACC of First Horizon Corp (Tennessee) (FHN) is 8.9%.
| Range | Selected | |
| Cost of equity | 9.40% - 12.90% | 11.15% |
| Tax rate | 20.30% - 21.30% | 20.80% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 7.7% - 10.1% | 8.9% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.19 | 1.43 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.40% | 12.90% |
| Tax rate | 20.30% | 21.30% |
| Debt/Equity ratio | 0.45 | 0.45 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 7.7% | 10.1% |
| Selected WACC | 8.9% | |