IBCP
Independent Bank Corp (Michigan)
Price:  
23.88 
USD
Volume:  
215,567.00
United States | Banks
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IBCP WACC - Weighted Average Cost of Capital

The WACC of Independent Bank Corp (Michigan) (IBCP) is 7.7%.

The Cost of Equity of Independent Bank Corp (Michigan) (IBCP) is 8.25%.
The Cost of Debt of Independent Bank Corp (Michigan) (IBCP) is 5.00%.

Range Selected
Cost of equity 7.30% - 9.20% 8.25%
Tax rate 18.90% - 19.30% 19.10%
Cost of debt 5.00% - 5.00% 5.00%
WACC 6.8% - 8.5% 7.7%
WACC

IBCP WACC calculation

Category Low High
Long-term bond rate 3.9% 4.4%
Equity market risk premium 4.6% 5.6%
Adjusted beta 0.74 0.78
Additional risk adjustments 0.0% 0.5%
Cost of equity 7.30% 9.20%
Tax rate 18.90% 19.30%
Debt/Equity ratio 0.16 0.16
Cost of debt 5.00% 5.00%
After-tax WACC 6.8% 8.5%
Selected WACC 7.7%