Colter Steel has $4,600,000 in assets.

Temporary current assets $ 1,200,000

Permanent current assets 1,510,000

Fixed assets1,890,000

Total assets$ 4,600,000

Short-term rates are 8 percent. Long-term rates are 13 percent. Earnings before interest and taxes are $980,000. The tax rate is 30 percent.

If long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of short-term financing, what will earnings after taxes be?

Earnings after taxes_________________ $