The WACC of Forward Air Corp (FWRD) is 6.6%.
| Range | Selected | |
| Cost of equity | 8.20% - 12.30% | 10.25% |
| Tax rate | 24.80% - 25.00% | 24.90% |
| Cost of debt | 5.50% - 7.00% | 6.25% |
| WACC | 5.5% - 7.7% | 6.6% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.94 | 1.32 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.20% | 12.30% |
| Tax rate | 24.80% | 25.00% |
| Debt/Equity ratio | 1.86 | 1.86 |
| Cost of debt | 5.50% | 7.00% |
| After-tax WACC | 5.5% | 7.7% |
| Selected WACC | 6.6% | |