Please look at question and all parts carefully. The question is slightly different than other ones posted on Chegg. Thank you!! :)

2. Whispering Pines Inc. is all-equity financed. The expected rate of return on the company's shares is 12%. a. What is the opportunity cost of capital for an average-risk investment project? b. Suppose the company issues debt, repurchases shares, and moves to a 30% debt-to-value ratio (D/V = 0.3). What will be the company's weighted average cost of capital at the new capital structure? The borrowing rate is 7.5% and the tax rate is 21%