Problem 6-13 Impact of term structure of interest rates on financing plans (L06-4) Colter Steel has $5,750,000 in assets. Temporary current assets Permanent current assets Fixed assets Total assets $ 3,500,000 1,625,000 625,000 $5,750,000 Assume the term structure of interest rates becomes inverted, with short-term rates going to 14 percent and long-term rates 6 percentage points lower than short-term rates. Earnings before interest and taxes are $1,210,000. The tax rate is 20 percent. If long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of short-term financing, what will earnings after taxes be? Earnings after taxes