Colter Steel has $5,250,000 in assets. Temporary current assets $ 2,500,000 Permanent current assets 1,575,000 Fixed assets 1,175,000 Total assets $ 5,250,000 Assume the term structure of interest rates becomes inverted, with short-term rates going to 10 percent and long-term rates 4 percentage points lower than short-term rates. Earnings before interest and taxes are $1,110,000. 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?