The WACC of Macatawa Bank Corp (MCBC) is 7.2%.
| Range | Selected | |
| Cost of equity | 8.90% - 11.60% | 10.25% |
| Tax rate | 18.90% - 19.10% | 19.00% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 6.5% - 7.8% | 7.2% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.1 | 1.21 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.90% | 11.60% |
| Tax rate | 18.90% | 19.10% |
| Debt/Equity ratio | 1 | 1 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 6.5% | 7.8% |
| Selected WACC | 7.2% | |