The WACC of Horace Mann Educators Corp (HMN) is 7.3%.
| Range | Selected | |
| Cost of equity | 6.90% - 9.70% | 8.30% |
| Tax rate | 18.30% - 19.80% | 19.05% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 6.2% - 8.3% | 7.3% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.66 | 0.87 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.90% | 9.70% |
| Tax rate | 18.30% | 19.80% |
| Debt/Equity ratio | 0.32 | 0.32 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 6.2% | 8.3% |
| Selected WACC | 7.3% | |