Will you also tell me if taxable is correct?

Suppose you're evaluating three alternative MMMF Investments. The first fund buys a diversified portfolio of municipal securities from across the country and yields 4.4 percent. The second fund buys only taxable, short-term commercial paper and yields 5.9 percent. The third fund specializes in the municipal debt from the state of New Jersey and yields 4.1 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 yield for each of the alternatives. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Municipal Fund Taxable Fund New Jersey Municipal Fund Aftertax Yield % 3.35% % b. Which of these three MMMFs offers you the highest aftertax yield? Municipal Fund Taxable Fund New Jersey Fund