Please clearly label the answers to #1 and #2, thanks!

Suppose you're evaluating three alternative MMMF investments. The first fund buys a diversified portfolio of municipal securities from across the country and yields 2.9 percent. The second fund buys only taxable, short-term commercial paper and yields 5.2 percent. The third fund specializes in the municipal debt from the state of New Jersey and yields 2.6 percent. If you are a New Jersey resident, your federal tax bracket is 35 percent, and your state tax bracket is 8 percent. 1. Calculate the aftertax yield for each of the alternatives. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) Municipal fund Taxable fund New Jersey municipal fund Aftertax Yield % % % 2. Which of these three MMMFs offers you the highest aftertax yield? O Municipal Fund Taxable Fund New Jersey Fund