D Question 10 O pts The following information pertains to Questions 10-12: Nucor Corp. is a steel producer that uses the LIFO method to account for a portion of its inventories. In its 2009 10-K, Nucor Corp. stated the following: If the FIFO method of accounting had been used, inventories would have been $456.4 million higher at December 31, 2009 ($923.4 million higher at December 31, 2008). Question 10: Compared to solely using FIFO, was Nucor's 2009 after-tax net income higher or lower under LIFO? By what amount? Assume a tax rate of 35%. Question 11 O pts Question 11: Compared to solely using FIFO, were Nucor's 2009 taxes higher or lower under LIFO? By what amount? Assume a tax rate of 35%. Question 12: Compared to solely using FIFO, at the end of 2009, were Nucor's cumulative taxes higher or lower under LIFO? By what amount? Assume a tax rate of 35%