Nighthawk Steel, a manufacturer of specialized tools, hes $5,400,000 in assets. Tempority currents Permanent cursus Capital 51.100 1. c. 2. 160.000 35.000,00 Total at Short-term rates are 4 percent. Long-term rates are 6.5 percent. Note that long-term res imply a return to any equity. Earnings before interest and taxes are $340,000. The tax rate is 40 percent. Assume the term structure of interest rates becomes inverted with short-term rates going to 12 percent and long-term rates 8 percentage points lower than short-term rates. If long-term financing is perfectly matched hedged with long-term ascot needs, and the same is true of short-term financing what we earnings be after taxes? Eran examtale forfet hedded our 6-8 Earning after takes