Do a search on "lousy" and check out the college is a lousy investment thread for general, and Wake specific opinions on paying for college today. The prevailing sentiment was that it is better to do state undergrad + masters for the private school money. There is/was an education bubble so be careful about buying an education at top of the market prices. Loans are driving the bubble, but I think parents/students have lost their appetite for them. Schools are too proud to publicly lower their prices, so there is a lot of room for discounting behind the scenes.
Take sentiment out of the decision - this is a business decision, an investment. Your daughter will have "fun," and "unique experiences" wherever she goes. Wake has made calculated financial decisions re pursuing a "Duke-light" strategy (appeal to NY/NJ students bc they can afford it due to region COL differences) to the detriment of legacies.
Here is a hopeful story: Last year I was taking my kids trick-or-treating and a parent saw my Wake hat and said "Go Deacs." Turns out their daughter was a freshmen at Wake. I commented on the price (this is a middle class neighborhood - houses ~200k), and they said the bottom line price was either 26 or 29k. Honestly, I the shock of hearing "twenty-" made me not hear the last number. I didn't pry about how much was loans.