9. value: 10.00 points Whispering Pines, Inc., is all-equity-financed. The expected rate of return on the company's shares is 11.75%. a. What is the opportunity cost of capital for an average-risk Whispering Pines investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Cost of capital % b. Suppose the company issues debt, repurchases shares, and moves to a 29% debt-to-value ratio (DIV = -29). What will be the company's weighted average cost of capital at the new capital structure? The borrowing rate is 7.25% and the tax rate is 40%. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Weighted average cost of capital %