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Colter Steel has $ 4 , 8 5 0 , 0 0 0 in assets. Assume shorterm interest rates are 1 3 percent and long

Colter Steel has $4,850,000 in assets.
Assume shorterm interest rates are 13 percent and long term rates are 3 percentage points lower than short-term fates. Earmings
before interestand taxes are $1,030,000. The tax rate 1520 percent.
Iflong term financing is perfectly matched (synchronized) with long term asset needs, and the same is true of shorf-term financing,
What will eamings after taxes be?
Eamings atter taxes
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