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Intro Glacier Inc. has no long-term debt. Its cost of equity is 17% and there are no taxes. The board of directors decided to change its capital structure such that the debt/equity ratio becomes 1 . The company can borrow at an interest rate of 6%. Part 1 Attempt 1/10 for 10 pts. What was the WACC before the restructuring? Correct Before the restructuring, the company didn't have any debt, so its WACC was the same as its cost of equity: WACC unlevered=RE=0.17 Part 2 What is the new cost of equity? Attempt 4/10 for 10 pts. Attempt 3/10 for 10 pts. What is the new WACC (without taxes)