The WACC of PNM Resources Inc (PNM) is 5.4%.
| Range | Selected | |
| Cost of equity | 6.50% - 8.40% | 7.45% |
| Tax rate | 12.90% - 15.20% | 14.05% |
| Cost of debt | 4.00% - 5.20% | 4.60% |
| WACC | 4.8% - 6.1% | 5.4% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.56 | 0.63 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.50% | 8.40% |
| Tax rate | 12.90% | 15.20% |
| Debt/Equity ratio | 1.34 | 1.34 |
| Cost of debt | 4.00% | 5.20% |
| After-tax WACC | 4.8% | 6.1% |
| Selected WACC | 5.4% | |