A corporation plans to buy out a supplier and needs $2 million in new capital to do so. The proportion of equity to debt financing will be 40:60 for the acquisition. The current cost of equity capital is 14% after taxes, and it is 12% before taxes for debt financing. The effective income-tax rate is 55%. What is the minimum amount of before-tax earnings necessary per year from the purchase to justify raising the required capital ? What minimum after-tax earnings should be expected