Assume that Larry's marginal tax rate is $24$ percent. If corporate bonds pay $5$ percent interest, what interest rate would a municipal bond have to offer for Larry to be indifferent between the two bonds?

$24\mathrm{.}00$ percent

$5\mathrm{.}80$ percent

$5\mathrm{.}00$ percent

$3\mathrm{.}80$ percent

None of the choices are correct.