The WACC of Headwater Exploration Inc (HWX.TO) is 10.8%.
| Range | Selected | |
| Cost of equity | 8.90% - 12.60% | 10.75% |
| Tax rate | 22.80% - 23.20% | 23.00% |
| Cost of debt | 4.00% - 4.50% | 4.25% |
| WACC | 8.9% - 12.6% | 10.8% |
| Category | Low | High |
| Long-term bond rate | 3.2% | 3.7% |
| Equity market risk premium | 5.1% | 6.1% |
| Adjusted beta | 1.13 | 1.39 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.90% | 12.60% |
| Tax rate | 22.80% | 23.20% |
| Debt/Equity ratio | 0 | 0 |
| Cost of debt | 4.00% | 4.50% |
| After-tax WACC | 8.9% | 12.6% |
| Selected WACC | 10.8% | |