Q5. Colter Steel

Colter Steel has $5,200,000 in assets. Short-term rates are 8 percent. Long-term rates are 13 percent. Earnings before interest and taxes are $1,100,000. The tax rate is 30 percent. If long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of shortterm financing, what will earnings after taxes be