Mantle Corporation is considering two equally risky investments: A $5,000 investment in preferred stock that yields 6.95%. A $5,000 investment in a corporate bond that yields 10%. What is the breakeven corporate tax rate that makes the company indifferent between the two investments? Assume a 70% dividend exclusion for tax on dividends. (Do not round your intermediate answer and round your final answer to two decimal places.) 41.62% 47.01% 48.17% 38.53% 29.29%