Colter Steel has $5,650,000 in assets.

Temporary current assets	$	3,300,000
Permanent current assets		1,615,000
Fixed assets		735,000
Total assets	$	5,650,000

Short-term rates are 11 percent. Long-term rates are 16 percent. Earnings before interest and taxes are $1,190,000. The tax rate is 30 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

$