Colter Steel has $4,700,000 in assets. Temporary current assets Permanent current assets Fixed assets Total assets $ 1,400,000 1,520,000 1,780,000 $ 4,700,000 Assume short-term interest rates are 11 percent and long-term rates are 5 percentage points lower than short-term rates. Earnings before interest and taxes are $1,000,000. The tax rate is 20 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