The WACC of Tennant Co (TNC) is 9.5%.
| Range | Selected | |
| Cost of equity | 8.90% - 11.20% | 10.05% |
| Tax rate | 14.00% - 15.60% | 14.80% |
| Cost of debt | 4.40% - 5.10% | 4.75% |
| WACC | 8.4% - 10.6% | 9.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.09 | 1.13 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.90% | 11.20% |
| Tax rate | 14.00% | 15.60% |
| Debt/Equity ratio | 0.1 | 0.1 |
| Cost of debt | 4.40% | 5.10% |
| After-tax WACC | 8.4% | 10.6% |
| Selected WACC | 9.5% | |