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Mantle Corporation is considering two equally risky investments: A $5.000 investment in preferred stock that yieids 8.00%. A $5,000 investment in a corporate bond that

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Mantle Corporation is considering two equally risky investments: A $5.000 investment in preferred stock that yieids 8.00%. A $5,000 investment in a corporate bond that yields 10,00%. What is the breakeven corporate tax rate that makes the company indifferent between the two investments? Assume a 50.00% dividend exclusion for tax on dividends. (Do not round your intermediate answer and round your final answer to two decimal places.) 26.00%33.33%32.07%41.335%41.00%

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