Colter Steel has $5,650,000 in assets. Temporary current assets Permanent current assets Fixed assets $3,300,000 1,615,000 735,000 $5,650,000 Total assets Assume the term structure of interest rates becomes inverted, with short-term rates going to 14 percent and long-term rates 4 percentage points lower than short-term rates. 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? Answer is complete but not entirely correct. Earnings after taxes $ 443,800