Seamus Thomas Ltd. has $600,000 in current assets and $1,100,000 in capital assets. $400,000 of the current assets can be considered permanent and the other $200,000 can be considered temporary. The company can borrow long term at 7% interest and short term at 5% interest. The company has a tax rate of 30% and has earnings before interest and taxes of $460,000. It is company policy to finance all of the capital assets, all of the permanent current assets and half of the temporary current assets with long term debt. The other half of the temporary current assets are financed with short term debt. What will earnings after taxes be? Show your calculations for full marks. 1 Ff T: B I &