The WACC of Horace Mann Educators Corp (HMN) is 7.0%.
| Range | Selected | |
| Cost of equity | 6.90% - 9.30% | 8.10% |
| Tax rate | 18.30% - 19.80% | 19.05% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 6.1% - 7.8% | 7.0% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.66 | 0.78 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.90% | 9.30% |
| Tax rate | 18.30% | 19.80% |
| Debt/Equity ratio | 0.39 | 0.39 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 6.1% | 7.8% |
| Selected WACC | 7.0% | |