Business

WACC Calculator

Weighted average cost of capital.

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Results
WACC
10.24%
Equity weight
72.7%
Debt weight
27.3%
After-tax cost of debt
5.53%

Quick answer

WACC is the blended return a company must earn to satisfy both lenders and shareholders.

WACC = E/V × Re + D/V × Rd × (1 − t)

How to use the WACC Calculator

  1. 1Enter market values of equity and debt.
  2. 2Enter the cost of each.
  3. 3Add the corporate tax rate for the debt shield.

Frequently asked questions

Why is debt cheaper?

Interest is tax deductible and lenders take less risk than shareholders.

What is WACC used for?

Discounting cash flows in NPV and investment appraisal.