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In: AccountingAssuming current tax rates ( Corp.tax 35%, Individual 39.6,Dividends and Capital gain 20%), identify the...Assuming current tax rates ( Corp.tax 35%, Individual 39.6,Dividends and Capital gain 20%), identify the following as eithertrue or false.Explain each answer.a. The annualized after-tax rate of return to investing in thecorporate form increases with the length of the investors holdingperiodb. The annualized after-tax rate of return to investing in thepartnership form increases with the length of the partners holdingperiodc. If a corporation paid out its entire after-tax profits asdividends each year, shareholders would realize a lower after taxrate of return than if the corporation retained the after taxprofitsd. Because the corporate rate is lower than the individual rate,the corporate form is preferred to the partnership forme. Because corporate income is subject to two levels of tax, thepartnership form is always preferred to the corporate form