Gold Mine Limited, has $4,800,000 in assets and has approached their bank for additional financing.

The breakdown of the company's assets is as follows: Temporary current assets $1,600,000 Permanent current assets 1,530,000 Capital assets 1,670,000 Total assets $4,800,000 Their banker has advised that short-term rates are 12 percent and long-term rates are 17 percent. The company's earnings before interest and taxes are $1,020,000 and they pay corporate taxes at the rate of 40 percent. If then go with a perfectly hedged financing plan advise Gold Mine Ltd.

calculate what their earnings after taxes ?