Your best taxable investment opportunity has an EAR of 4.9%. Your best tax-free investment opportunity has an EAR of 3.5%. If your tax rate is 32%, which opportunity provides the higher after-tax interest rate?

Your best taxable investment opportunity has an EAR of 4.9%. Your best tax-free investment opportunity has an EAR of 3.5%. If your tax rate is 32%, which opportunity provides the higher after-tax interest rate