The WACC of Morgan Stanley (MS) is 10.2%.
| Range | Selected | |
| Cost of equity | 10.10% - 18.50% | 14.30% |
| Tax rate | 21.40% - 22.10% | 21.75% |
| Cost of debt | 4.00% - 19.90% | 11.95% |
| WACC | 4.4% - 16.0% | 10.2% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 1.35 | 2.43 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 10.10% | 18.50% |
| Tax rate | 21.40% | 22.10% |
| Debt/Equity ratio | 4.53 | 4.53 |
| Cost of debt | 4.00% | 19.90% |
| After-tax WACC | 4.4% | 16.0% |
| Selected WACC | 10.2% | |