Guardian Inc. id trying to develop an asset-financing plan. The firm has exist330,000 in temporary current assets and exist230,000 in permanent current assets. Assume a tax rate of 40 percent a. Construct two alternative financing plans for Guardian. One of the plans should be conservative, with 80 percent of assets financed by long-term sources, and the other should be aggressive, with only percent of assets financed by long-term sources. The current interest rate is 12 percent on long-term funds and 7 percent on short term financing. Compute the annual interest payments under each plan b. Given the Guardians earnings before interest and taxes are exist210,000, calculate after taxes for each of your alternatives c. What would the annual interest and earnings after taxes for the conservative and aggressive be if the short-term and long-term interest rates were reversed