Suppose you're evaluating three alternative MMMF investments. The first fund buys a diversified portfolio of municipal securities from across the country and yields 3.85 percent. The second fund buys only taxable, short-term commercial paper and yields 5.6 percent. The third fund specializes in the municipal debt from the state of New Jersey and yields 3.5 percent. You are a New Jersey resident. your federal tax bracket is 35 percent, and your state tax bracket is 8 percent. (Assume your state taxes do not affect your federal taxable income) a. Calculate the aftertax yleld for each of the aiternatives. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)