The WACC of Independent Bank Corp (Michigan) (IBCP) is 7.4%.
Range | Selected | |
Cost of equity | 6.80% - 8.60% | 7.70% |
Tax rate | 18.90% - 19.30% | 19.10% |
Cost of debt | 5.00% - 5.00% | 5.00% |
WACC | 6.5% - 8.2% | 7.4% |
Category | Low | High |
Long-term bond rate | 3.9% | 4.4% |
Equity market risk premium | 4.6% | 5.6% |
Adjusted beta | 0.64 | 0.68 |
Additional risk adjustments | 0.0% | 0.5% |
Cost of equity | 6.80% | 8.60% |
Tax rate | 18.90% | 19.30% |
Debt/Equity ratio | 0.11 | 0.11 |
Cost of debt | 5.00% | 5.00% |
After-tax WACC | 6.5% | 8.2% |
Selected WACC | 7.4% | |