The WACC of Pinnacle West Capital Corp (PNW) is 4.8%.
| Range | Selected | |
| Cost of equity | 5.30% - 6.80% | 6.05% |
| Tax rate | 19.50% - 19.70% | 19.60% |
| Cost of debt | 4.00% - 4.60% | 4.30% |
| WACC | 4.3% - 5.3% | 4.8% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.32 | 0.35 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 5.30% | 6.80% |
| Tax rate | 19.50% | 19.70% |
| Debt/Equity ratio | 0.91 | 0.91 |
| Cost of debt | 4.00% | 4.60% |
| After-tax WACC | 4.3% | 5.3% |
| Selected WACC | 4.8% | |