please solve

Avon Products, Inc. is a manufacturer and global distributor of cosmetic and beauty supplies. They are thinking about raising $3 billion in debt capital for a special dividend to shareholders (in other words, they want to replace $3 billion in equity with $3 billion in debt). Given what you know about capital structure and the information supplied about Avon, should Avon make this change to its capital structure? Fully explain your reasoning, and support your argument with calculations that you perform or concepts/frameworks discussed in class. You may assume that Avon's corporate tax rate is 35%