Lear Incorporated has $$840,000$ in current assets, $$370,000$ of which are considered permanent current assets. In addition, the firm has $$640,000$ 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 $7$ percent. Lear's earnings before interest and taxes are $$240,000.$ Determine Lear's earnings after taxes under this financing plan. The tax rate is $30$ percent.

Earnings after taxes