Whispering Pines Incorporated is all$-$equity$-$financed. The expected rate of return on the company$$s shares is $11\mathrm{.}75\%.$

What is the opportunity cost of capital for an average$-$risk Whispering Pines investment?

Note: Enter your answer as a percent rounded to $2$ decimal places.

Suppose the company issues debt, repurchases shares, and moves to a $29\%$ debt$-$to$-$value ratio $($DV $=0\mathrm{.}29)$

$.$ What will be the company$$s weighted$-$average cost of capital at the new capital structure? The borrowing rate is $7\mathrm{.}25\%$ and the tax rate is $21\%.$