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Colter Steel has $5, 400,000 in assets. Short-term rates are 12 percent. Long-term rates are 17 percent. Earnings before interest and taxes are $1, 140,000.

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Colter Steel has $5, 400,000 in assets. Short-term rates are 12 percent. Long-term rates are 17 percent. Earnings before interest and taxes are $1, 140,000. The tax rate is 40 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

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