The WACC of Heartland Financial USA Inc (HTLF) is 8.1%.
| Range | Selected | |
| Cost of equity | 7.70% - 9.80% | 8.75% |
| Tax rate | 19.70% - 20.40% | 20.05% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 7.2% - 9.0% | 8.1% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.84 | 0.88 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.70% | 9.80% |
| Tax rate | 19.70% | 20.40% |
| Debt/Equity ratio | 0.16 | 0.16 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 7.2% | 9.0% |
| Selected WACC | 8.1% | |