The WACC of Steppe Gold Ltd (STGO.TO) is 16.3%.
| Range | Selected | |
| Cost of equity | 10.60% - 14.80% | 12.70% |
| Tax rate | 9.80% - 15.00% | 12.40% |
| Cost of debt | 7.00% - 37.40% | 22.20% |
| WACC | 8.2% - 24.4% | 16.3% |
| Category | Low | High |
| Long-term bond rate | 3.2% | 3.7% |
| Equity market risk premium | 5.1% | 6.1% |
| Adjusted beta | 1.46 | 1.74 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 10.60% | 14.80% |
| Tax rate | 9.80% | 15.00% |
| Debt/Equity ratio | 1.3 | 1.3 |
| Cost of debt | 7.00% | 37.40% |
| After-tax WACC | 8.2% | 24.4% |
| Selected WACC | 16.3% | |