The WACC of Gray Television Inc (GTN) is 5.8%.
| Range | Selected | |
| Cost of equity | 9.30% - 35.50% | 22.40% |
| Tax rate | 25.40% - 27.50% | 26.45% |
| Cost of debt | 5.20% - 7.50% | 6.35% |
| WACC | 4.2% - 7.3% | 5.8% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.17 | 5.47 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.30% | 35.50% |
| Tax rate | 25.40% | 27.50% |
| Debt/Equity ratio | 15.07 | 15.07 |
| Cost of debt | 5.20% | 7.50% |
| After-tax WACC | 4.2% | 7.3% |
| Selected WACC | 5.8% | |