The WACC of First Quantum Minerals Ltd (FM.TO) is 8.8%.
| Range | Selected | |
| Cost of equity | 7.20% - 11.40% | 9.30% |
| Tax rate | 25.90% - 26.50% | 26.20% |
| Cost of debt | 6.70% - 14.90% | 10.80% |
| WACC | 6.3% - 11.2% | 8.8% |
| Category | Low | High |
| Long-term bond rate | 3.2% | 3.7% |
| Equity market risk premium | 5.1% | 6.1% |
| Adjusted beta | 0.79 | 1.18 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.20% | 11.40% |
| Tax rate | 25.90% | 26.50% |
| Debt/Equity ratio | 0.67 | 0.67 |
| Cost of debt | 6.70% | 14.90% |
| After-tax WACC | 6.3% | 11.2% |
| Selected WACC | 8.8% | |