Suppose you're evaluating three alternative MMMF investments. The first fund buys a diversified portfolio of municipal securities from across the country and yields 4.1 percent. The second fund buys only taxable, short-term commercial paper and yields 6.5 percent. The third fund specializes in the municipal debt from the state of New Jersey and yields 3.8 percent. If you are a New Jersey resident, your federal tax bracket is 35 percent, and your state tax bracket is 8 percent, which of these three MMMFs offers you the highest aftertax yield?