a. What is the relative tax advantage of corporate debt if the corporate tax rate is te=0.21, the personal tax rate is tp = 0.35. but all equity income is received as capital gains and escapes tax entirely (pe 01? (Do not round Intermediate calculations. Round your answer to 4 decimal places.) Relative tax advantago > 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