Problem $17-5$ Tax shields a$.$ What is the relative tax advantage of corporate debt if the corporate tax rate is $\backslash ($ T$\_\{$c$\}=0\mathrm{.}24\backslash ),$ the personal tax rate on interest is $\backslash ($ T$\_\{$p D$\}=0\mathrm{.}32\backslash ),$ but all equity income is received as capital gains and escapes tax entirely $(\backslash ($ T$\_\{$p E$\}=0\backslash ))?$ 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 $\backslash (34\backslash \%\backslash )?$ Note: Do not round intermediate calculations. Round your answers to $4$ decimal places. Answer is complete but not entirely correct.