please answer in formulas or financial calculator values and round decimals to two decimal places for interest rates and dollar amounts in the final answer. please answer in text that can be copied and pasted instead of an image or excel worksheet. assume no issues with bond taxes

10. Jerry Lombardo is purchasing a bond issued by the State of New Jersey which has an annual coupon rate of 5.82%. If he believes he is in the 32% Income Tax bracket and he wishes to purchase a Corporate Bond which pays a higher annual coupon rate, what must the annual coupon rate on the Corporate Bond be to justify purchasing the Corporate Bond ? (Assume that par values and maturity dates are the same in all cases). His accountant has informed him that he is actually in the 28% Income Tax bracket. Based on this information, what should the coupon rate on the Corporate Bond be