Problem 6-14 (Algo) Conservative versus aggressive financing [LO6-5] Guardian incorporated is trying to develop an asset-financing plan. The firm has $320,000 in temporary current assets and $220,000 in permanent current assets. Guardian also has $420,000 in fixed assets. Assume a tax rate of 30 percent. 0. Construct two alternative financing plans for Guardian. One of the plans should be conservative. With 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. The current interestrote is 11 percent on long-term funds and 6 percent on short-term financing. Compute the annual interest payments under each pian b. Given that Guardlan's earnings before interest and taxes are $200,000, calculate earnings after taxes for each of your altematives. c. What would the annual interest and earnings after taxes for the conservative and aggressive strategles be if the short-term and long-term interest rates were reversed