Melinda invests $100,000 in a City of Heflin bond that pays 3 percent interest. Alternatively, Melinda could have invested the $100,000 in a bond recently issued by Surething, Inc. that pays 4 percent interest with similar risk and other nontax characteristics to the City of Heflin bond. Assume Melindas marginal tax rate is 25 percent. How much explicit tax would she have paid on the Surething, Inc. bond?