The WACC of Voya Financial Inc (VOYA) is 7.5%.
| Range | Selected | |
| Cost of equity | 7.20% - 9.20% | 8.20% |
| Tax rate | 4.50% - 6.10% | 5.30% |
| Cost of debt | 5.00% - 5.00% | 5.00% |
| WACC | 6.7% - 8.2% | 7.5% |
| Category | Low | High |
| Long-term bond rate | 3.9% | 4.4% |
| Equity market risk premium | 4.6% | 5.6% |
| Adjusted beta | 0.72 | 0.77 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.20% | 9.20% |
| Tax rate | 4.50% | 6.10% |
| Debt/Equity ratio | 0.27 | 0.27 |
| Cost of debt | 5.00% | 5.00% |
| After-tax WACC | 6.7% | 8.2% |
| Selected WACC | 7.5% | |