Suppose that, in an effort to reduce the federal deficit, Congress increases the top personal tax rate on interest and dividends to 35% but retains a 13% tax rate on realized capital gains. The corporate tax rate stays at 35%. Assume capital gains are 50% of equity income.

a. Compute the total corporate plus personal taxes paid on each $1 of debt income. (Do not round intermediate calculations. Round your answer to 2 decimal places.)