CarryCap's WACC is 12% and it has a 15% expected return on equity with a capital structure which contains a 80% debtto-asset ratio. If CarryCap pays no income tax, what is the expected return on debt? If the debt-to-asset ratio decreases to 40%, now what is the firm's WACC? 11.25% return on debt; 12.00% WACC 7.00% return on detit: 10.68% WACC 11.25 return on debt 6.38 WACC 7.00\% return on dobt 19.98% WheC