Lear, Inc. has $1,150,000 in current assets, $490,000 of which are considered permanent current assets. In addition, the firm has $740,000 invested in capital assets. a. Lear wishes to finance all capital assets and half of its permanent current assets with long-term financing costing 10 percent. Short term financing currently costs 5 percent Lear's earnings before interest and taxes are $340,000 Determine Lear's earnings after taxes under this financing plan. The tax rate is 30 percent. Earnings after taxes $ b. As an alternative, Lear might wish to finance all capital assets and permanent current assets plus half of its temporary current assets with long-term financing. The same interest rates apply as in part a. Earnings before interest and taxes will be $340,000. What will be Lear's earnings after taxes? The tax rate is 30 percent. Earnings after taxes $ c. Not available in Connect