WACC See Problem 7. How will Rensselaer's WACC and cost of equity change if it issues 50 million in new equity and uses the proceeds to retire long-term debt? Assume the company's borrowing rates are unchanged. Use the three-step procedure from Section 19-3. on a weighted average cost of

WACC See Problem 7. How will Rensselaer's WACC and cost of equity change if it issues 50 million in new equity and uses the proceeds to retire long-term debt? Assume the company's borrowing rates are unchanged. Use the three-step procedure from Section 19-3