If Joel earns a 9 percent after-tax rate of return, $22,000 received in two years is worth how much today? Use Exhibit 3.1. (Round discount factor(s) to three decimal places.) Multiple Choice O $22,000. $20,110. O $18,524. 0 $23,980. None of the choices are correct. Saved Submit Help Save & Exit If Thomas has a 37 percent tax rate and a 6 percent after-tax rate of return, $77,000 of income in five years will cost him how much tax in today's dollars? Use Exhibit 3.1. (Round discount factor(s) to three decimal places.) Multiple Choice $77,000 $28,490 $58,734. $21,282 None of the choices are correct. Assume that Larry's marginal tax rate is 24 percent. If corporate bonds pay 8.4 percent interest, what interest rate would a municipal bond have to offer for Larry to be indifferent between the two bonds? Multiple Choice 24.00 percent 10.02 percent 8.40 percent 6.38 percent None of the choices are correct