The WACC of Howard Bancorp Inc (HBMD) is 7.3%.
| Range | Selected | |
| Cost of equity | 6.60% - 8.70% | 7.65% |
| Tax rate | 25.80% - 27.80% | 26.80% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 6.3% - 8.2% | 7.3% |
| Category | Low | High |
| Long-term bond rate | 3.2% | 3.7% |
| Equity market risk premium | 4.2% | 5.2% |
| Adjusted beta | 0.81 | 0.86 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.60% | 8.70% |
| Tax rate | 25.80% | 27.80% |
| Debt/Equity ratio | 0.1 | 0.1 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 6.3% | 8.2% |
| Selected WACC | 7.3% | |