Whispering Pines, Inc., is all-equity-financed. The expected rate of return on the company's shares is 14.25%. 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 33% debt-to-value ratio (DIV = .33). What will be the company's weighted-average cost of capital at the new capital structure? The borrowing rate is 9.75% and the tax rate is 30%. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Weighted average cost of capital %