The WACC of Tennant Co (TNC) is 9.5%.
| Range | Selected | |
| Cost of equity | 8.80% - 11.50% | 10.15% |
| Tax rate | 14.00% - 15.60% | 14.80% |
| Cost of debt | 4.40% - 4.60% | 4.50% |
| WACC | 8.3% - 10.7% | 9.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.08 | 1.18 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.80% | 11.50% |
| Tax rate | 14.00% | 15.60% |
| Debt/Equity ratio | 0.12 | 0.12 |
| Cost of debt | 4.40% | 4.60% |
| After-tax WACC | 8.3% | 10.7% |
| Selected WACC | 9.5% | |