ation.com%252F#/activity/question.gr Chapter 18 Personal Taxes Save Help Save & Exl Check 1 a. What is the relative tax advantage of corporate debt if the corporate tax rate is T.-0.21, the personal tax rate is T, -0.32, but all equity Income is received as capital gains and escapes tax entirely (Tp = 0)? (Do not round Intermediate calculations. Round your answer to 4 decimal places.) Relative tax advantage ok nces b. How does the relative tax advantage change if the company decides to pay out all equity Income as cash dividends that are taxed at 20%? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Relative tax advantage Prey 1 of 1 Next 19 A pad ation.com%252F#/activity/question.gr Chapter 18 Personal Taxes Save Help Save & Exl Check 1 a. What is the relative tax advantage of corporate debt if the corporate tax rate is T.-0.21, the personal tax rate is T, -0.32, but all equity Income is received as capital gains and escapes tax entirely (Tp = 0)? (Do not round Intermediate calculations. Round your answer to 4 decimal places.) Relative tax advantage ok nces b. How does the relative tax advantage change if the company decides to pay out all equity Income as cash dividends that are taxed at 20%? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Relative tax advantage Prey 1 of 1 Next 19 A pad