The WACC of Arrow Financial Corp (AROW) is 8.5%.
| Range | Selected | |
| Cost of equity | 7.70% - 9.70% | 8.70% |
| Tax rate | 20.90% - 21.70% | 21.30% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 7.5% - 9.5% | 8.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.82 | 0.87 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.70% | 9.70% |
| Tax rate | 20.90% | 21.70% |
| Debt/Equity ratio | 0.05 | 0.05 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 7.5% | 9.5% |
| Selected WACC | 8.5% | |