A company called Powerland decides to increase existing debt by $$2$ million at a $5\%$ cost$.$ Considering Personal Tax for

Debtholders and Equityholders, respectively $5\%$ and $17\%,$ and assuming a Corporate Income Tax $23\%$ rate, what would be

Effective Tax Advantage of Debt?

a$.-23\%$

b$.33\%$

c$.23\%$

d$.-49\%$

Please help me to solve this question, explain each step. Thankss in advance $))))$