The WACC of Granite Construction Inc (GVA) is 9.5%.
| Range | Selected | |
| Cost of equity | 9.20% - 11.90% | 10.55% |
| Tax rate | 24.00% - 38.60% | 31.30% |
| Cost of debt | 4.60% - 4.90% | 4.75% |
| WACC | 8.4% - 10.7% | 9.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.16 | 1.26 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.20% | 11.90% |
| Tax rate | 24.00% | 38.60% |
| Debt/Equity ratio | 0.16 | 0.16 |
| Cost of debt | 4.60% | 4.90% |
| After-tax WACC | 8.4% | 10.7% |
| Selected WACC | 9.5% | |