The WACC of First Republic Bank (FRC) is 7.5%.
| Range | Selected | |
| Cost of equity | 12.20% - 16.90% | 14.55% |
| Tax rate | 20.00% - 20.60% | 20.30% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 6.7% - 8.3% | 7.5% |
| Category | Low | High |
| Long-term bond rate | 4.2% | 4.7% |
| Equity market risk premium | 5.0% | 6.0% |
| Adjusted beta | 1.6 | 1.96 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 12.20% | 16.90% |
| Tax rate | 20.00% | 20.60% |
| Debt/Equity ratio | 1.99 | 1.99 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 6.7% | 8.3% |
| Selected WACC | 7.5% | |