The WACC of Morgan Stanley (MS) is 5.5%.
| Range | Selected | |
| Cost of equity | 10.90% - 15.10% | 13.00% |
| Tax rate | 20.80% - 21.50% | 21.15% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 5.1% - 5.8% | 5.5% |
| Category | Low | High |
| Long-term bond rate | 4.2% | 4.7% |
| Equity market risk premium | 5.0% | 6.0% |
| Adjusted beta | 1.35 | 1.65 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 10.90% | 15.10% |
| Tax rate | 20.80% | 21.50% |
| Debt/Equity ratio | 4.98 | 4.98 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 5.1% | 5.8% |
| Selected WACC | 5.5% | |