Question 2. (20 points] In November 2017, voters in Upper Arlington, Ohio went to the polls to vote on the following ballot issue (as taken from the Franklin County Board of Elections 2017 General Certified Issues list") #43 Upper Arlington City School District - Proposed Bond Issue and Tax Levy - Additional Bonds - Constructing, Bonds - $230,000,000; 6.92 furnishing, and equipping a new mills, $0.692 per $100 high school; constructing, valuation, for 38 years furnishing, and equipping new elementary schools; renovating, Levy - 3.75 mills, $0.375 per repairing, improving, furnishing. $100 valuation, for a continuing equipping, and constructing period of time, commencing in improvements and additions to 2017 existing school facilities, buildings, and infrastructure; and replacing existing equipment and constructing various permanent improvements, and constructing and improving various athletic facilities Levy - Current Operating Expenses 2b) Now, assume a taxpayer with a 28% marginal income tax rate could buy a corporate bond with an identical face value and a coupon rate of 8.25%. Which bond will this taxpayer prefer? Show annual figures (not lifetime) and all work