The WACC of Union Pacific Corp (UNP) is 8.8%.
| Range | Selected | |
| Cost of equity | 8.40% - 11.60% | 10.00% |
| Tax rate | 23.00% - 23.20% | 23.10% |
| Cost of debt | 4.00% - 5.20% | 4.60% |
| WACC | 7.4% - 10.2% | 8.8% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.98 | 1.2 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.40% | 11.60% |
| Tax rate | 23.00% | 23.20% |
| Debt/Equity ratio | 0.22 | 0.22 |
| Cost of debt | 4.00% | 5.20% |
| After-tax WACC | 7.4% | 10.2% |
| Selected WACC | 8.8% | |