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Thus, the WACC is neither a cost nor a required return, but a weighted average of a cost and a required return. To refer to WACC as “cost of capital” can be misleading because it is not a cost. Weighted cost of capital pdf Bedford Access to case studies expires six months after purchase date. Publication Date: October 10, 2001. This is a Darden case study.Introduces the weighted average cost of capital (WACC).