The WACC of Philip Morris International Inc (PM) is 6.5%.
| Range | Selected | |
| Cost of equity | 6.10% - 8.00% | 7.05% |
| Tax rate | 21.80% - 22.10% | 21.95% |
| Cost of debt | 4.00% - 4.80% | 4.40% |
| WACC | 5.7% - 7.3% | 6.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.49 | 0.55 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.10% | 8.00% |
| Tax rate | 21.80% | 22.10% |
| Debt/Equity ratio | 0.17 | 0.17 |
| Cost of debt | 4.00% | 4.80% |
| After-tax WACC | 5.7% | 7.3% |
| Selected WACC | 6.5% | |