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 Short-term rates are 10 percent. Long-term rates are 15 percent. Earnings before interest and taxes are $1000,000. 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 takes b. If the inventory costs $4 per unit and will be financed at the bank at a cost of 12 percent, what is the monthly financing cost and the total for the four months? (Use 1 percent as the monthly rate.) Inventory Financing Cost October November December January Total financing cost $