The WACC of Mercantile Bank Corp (MBWM) is 7.0%.
| Range | Selected | |
| Cost of equity | 7.40% - 9.50% | 8.45% |
| Tax rate | 19.50% - 19.70% | 19.60% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 6.3% - 7.6% | 7.0% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.77 | 0.82 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.40% | 9.50% |
| Tax rate | 19.50% | 19.70% |
| Debt/Equity ratio | 0.5 | 0.5 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 6.3% | 7.6% |
| Selected WACC | 7.0% | |