The WACC of Forward Air Corp (FWRD) is 6.5%.
| Range | Selected | |
| Cost of equity | 8.20% - 12.70% | 10.45% |
| Tax rate | 24.80% - 25.00% | 24.90% |
| Cost of debt | 5.50% - 7.00% | 6.25% |
| WACC | 5.4% - 7.6% | 6.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.95 | 1.4 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.20% | 12.70% |
| Tax rate | 24.80% | 25.00% |
| Debt/Equity ratio | 2.18 | 2.18 |
| Cost of debt | 5.50% | 7.00% |
| After-tax WACC | 5.4% | 7.6% |
| Selected WACC | 6.5% | |