The WACC of Gray Television Inc (GTN) is 6.3%.
| Range | Selected | |
| Cost of equity | 9.50% - 28.20% | 18.85% |
| Tax rate | 25.40% - 27.50% | 26.45% |
| Cost of debt | 5.20% - 9.10% | 7.15% |
| WACC | 4.3% - 8.2% | 6.3% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.21 | 4.16 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.50% | 28.20% |
| Tax rate | 25.40% | 27.50% |
| Debt/Equity ratio | 12.18 | 12.18 |
| Cost of debt | 5.20% | 9.10% |
| After-tax WACC | 4.3% | 8.2% |
| Selected WACC | 6.3% | |