The WACC of Macatawa Bank Corp (MCBC) is 7.2%.
| Range | Selected | |
| Cost of equity | 8.70% - 12.10% | 10.40% |
| Tax rate | 18.90% - 19.10% | 19.00% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 6.4% - 8.1% | 7.2% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.04 | 1.3 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.70% | 12.10% |
| Tax rate | 18.90% | 19.10% |
| Debt/Equity ratio | 1 | 1 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 6.4% | 8.1% |
| Selected WACC | 7.2% | |