Paul has $8,000 that he wishes to invest in bonds. He can purchase Treasury bonds with a coupon rate of 8.8% or municipal bonds with a coupon rate of 7.4%. Paul lives in a state with no state income tax and has a marginal tax rate of 24%. 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.)