The WACC of Forward Air Corp (FWRD) is 6.9%.
| Range | Selected | |
| Cost of equity | 9.30% - 13.30% | 11.30% |
| Tax rate | 24.80% - 25.00% | 24.90% |
| Cost of debt | 5.50% - 7.00% | 6.25% |
| WACC | 5.9% - 8.0% | 6.9% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.19 | 1.51 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.30% | 13.30% |
| Tax rate | 24.80% | 25.00% |
| Debt/Equity ratio | 1.96 | 1.96 |
| Cost of debt | 5.50% | 7.00% |
| After-tax WACC | 5.9% | 8.0% |
| Selected WACC | 6.9% | |