both questions please

Saved Help Save & Exit Submit Hugh has the choice between investing in a City of Heflin bond at 7.4 percent or investing in a Surething Incorporated bond at 10.4 percent. Assuming that both bonds have the same nontax characteristics and that Hugh has a 40 percent marginal tax rate, in which bond should he invest? Hugh should invest in the 01 i Saved Help Save & Exit Submit Hugh has the choice between investing in a City of Heflin bond at 3.60 percent or investing in a Surething Incorporated bond at 5.25 percent. Assuming that both bonds have the same nontax characteristics and that Hugh has a 40 percent marginal tax rate, what interest rate does Surething Incorporated need to offer to make Hugh indifferent between investing in the two bonds? (Round your answer to 2 decimal places.) Interest rate %