Lear Incorporated has $$1,050,000$ in current assets, $$475,000$ of which are considered permanent current assets. In addition, the firm has $$850,000$ invested in fixed assets.

a$.$ Lear wishes to finance all fixed assets and half of its permanent current assets with long$-$term financing costing $8$ percent. The balance will be financed with short$-$term financing, which currently costs $4$ percent. Lear's earnings before interest and taxes are $$450,000.$ Determine Lear's earnings after taxes under this financing plan. The tax rate is $40$ percent

$\backslash$table$[[$Earnings after taxes,$$,133,600$