The WACC of Gray Television Inc (GTN) is 7.7%.
| Range | Selected | |
| Cost of equity | 9.10% - 27.90% | 18.50% |
| Tax rate | 25.40% - 27.50% | 26.45% |
| Cost of debt | 5.20% - 13.30% | 9.25% |
| WACC | 4.3% - 11.2% | 7.7% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.13 | 4.1 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.10% | 27.90% |
| Tax rate | 25.40% | 27.50% |
| Debt/Equity ratio | 10.98 | 10.98 |
| Cost of debt | 5.20% | 13.30% |
| After-tax WACC | 4.3% | 11.2% |
| Selected WACC | 7.7% | |