The WACC of Union Pacific Corp (UNP) is 7.8%.
| Range | Selected | |
| Cost of equity | 7.50% - 10.20% | 8.85% |
| Tax rate | 23.00% - 23.20% | 23.10% |
| Cost of debt | 4.00% - 4.80% | 4.40% |
| WACC | 6.7% - 9.0% | 7.8% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.8 | 0.95 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.50% | 10.20% |
| Tax rate | 23.00% | 23.20% |
| Debt/Equity ratio | 0.23 | 0.23 |
| Cost of debt | 4.00% | 4.80% |
| After-tax WACC | 6.7% | 9.0% |
| Selected WACC | 7.8% | |