15 Bill and Ted each run their own business. Bill is a sole proprietor while Ted is the sole shareholder of his company. Bill's marginal tax rate is 40% while Ted's corporation has a tax rate of 12%, as it is a qualified small business. Both businesses must purchase $20,000 worth of equipment. Which business needs to generate more revenue in order to purchase the equipment and how much more revenue is required? TUDT2ZzeE9GcTM2N2VrndSeUNBQT09 a. Bill's business must generate $22,727 more in revenue than Ted's company. b. Ted's company must generate $10,606 more in revenue than Bill's business. c. There is no difference in revenue that must be generated since the purchase is made before tax. d. Bill's business must generate $10,606 more in revenue than Ted's company