Step 7: Since phase margin is typically expressed in the range of 0 to 180 degrees, we can find the equivalent by subtracting 360 degrees if necessary.
Step 8: Therefore, the phase margin is 315 degrees - 360 degrees = -45 degrees, which indicates instability.
Step 9: However, if we are only looking for the positive margin, we can say the phase margin is 45 degrees.