The WACC of Hipgnosis Songs Fund Ltd (SONG.L) is 9.0%.
| Range | Selected | |
| Cost of equity | 9.10% - 12.20% | 10.65% |
| Tax rate | 14.90% - 18.30% | 16.60% |
| Cost of debt | 7.00% - 7.00% | 7.00% |
| WACC | 8.0% - 10.1% | 9.0% |
| Category | Low | High |
| Long-term bond rate | 4.0% | 4.5% |
| Equity market risk premium | 6.0% | 7.0% |
| Adjusted beta | 0.85 | 1.03 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.10% | 12.20% |
| Tax rate | 14.90% | 18.30% |
| Debt/Equity ratio | 0.49 | 0.49 |
| Cost of debt | 7.00% | 7.00% |
| After-tax WACC | 8.0% | 10.1% |
| Selected WACC | 9.0% | |