Suppose you're evaluating three alternative MMMF investments, The first fund buys a diversified portfolio of municipal securities from across the country and yields 3.2 percent, The second fund buys only taxable, short-term commercial paper and yields 4.9 percent. The third fund specializes in the municipal debt from the state of New Jersey and ylelds 3.0 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.) 3. Calculate the aftertax yieid for each of the alternatives. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) b. Which of these three MMMFs offers you the highest aftertax yield? Taxable Fund New Jersey Municipal Fund Municipal Fund