Assume that the firm's gain from leverage according to the Miller model is $126,667.If the effective personal tax rate on stock income is T_S = 20%,what is the implied personal tax rate on debt income? A)18.2% B)20.2% C)22.5% D)25.0%

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The Answer of Assume that the firm's gain from leverage according to the Miller model is $126,667.If the effective personal tax rate on stock income is T_S = 20%,what is the implied personal tax rate on debt income? A)18.2% B)20.2% C)22.5% D)25.0%

Assume That the Firm's Gain from Leverage According to the Miller