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Lear inc. has $990,000 in current assets $445,000 of which are consider permanent current assets. In addition, the firm has $700,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets with long-term financing B percent. The balance will be financed with short-term financing which currently costs 6 percent Lear earnings before interest taxes are $390.00. Determine Lear's earnings after taxes under this financing. The tax rate is 40 percent. Earring after taxes b. As an alternative. Lest might wish to finance al fixed assets and permanent current assets plus half of its temporary current assets with long-term financing and the balance with short-term financing. The same interest rates apply as in pert a Earnings before interest and taxes will be $390.000. What will be Lear's earnings after taxes? The tax rate is 40 percent Earnings after taxes