Annual Interest. Paul has $16.000 that he wishes to invest in bonds. He can purchase Treasury bonds with a coupon rate of 4.9% or municipal bonds with a coupon rate of 3.8%. Paul lives in a state with no state income tax and has a marginal tax rate of 22%. Which investment will give Paul the higher annual earnings after taxes are considered? Paul's income from the Treasury bonds after taxes is $ (Round to the nearest dollar) Paul's income from the municipal bonds after taxes is $. (Round to the nearest dollar.) will give Paul the higher annual earnings after taxes are considered. (Select from the drop-down menu.) The Treasury bonds both bonds municipal bonds