What is the relative tax advantage of corporate debt if the corporate tax rate is Tc=.35, the personal tax rate is Tp=.

What is the relative tax advantage of corporate debt if the corporate tax rate is Tc=.35, the personal tax rate is Tp=.

What is the relative tax advantage of corporate debt if the corporate tax rate is Tc=.35, the personal tax rate is Tp=.35, but all the equity income is received as capital gains and escapes tax entirely (TpE=0)?
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