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Annual Interest. Paul has $1,000 that he wishes to invest in bonds. He can purchase Treasury bonds with a coupon rate of 7.8% or municipal bonds with a coupon rate of 6.8%. 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 dollat.) Paul's income from the municipal bonds after taxes is \$ (Round to the nearest dollar.) The will give Paul the higher annual earnings after taxes are considered. (Select from the drop-down menu.)