Colter Steel has $$5,150,000$ in assets.

Temporary current assets $ $2,300,000$

Permanent current assets $1,565,000$

Fixed assets $1,285,000$

Total assets $ $5,150,000$

Assume short$-$term interest rates are $13$ percent and long$-$term rates are $4$ percentage points lower than short$-$term rates. Earnings before interest and taxes are $$1,090,000.$ 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$?$