Sherlock Homes, a manufacturer of low cost mobile housing. has $4,600,000 in assets Temporary current assets Permanent current assets Capital assets $1,200,000 1,510,000 1,890,000 Total assets $4,600,eee Short-term rates are 8 percent Long-term rates are 13 percent. (Note that long-term rates imply a return to any equity Earrings before interest and taxes are $980,000. The tax rate is 30 percent If long-term financing is perfectly matched (hedged) with long-term asset needs, and the same is true of short-term financing wisat wil eamings after taxes be? For an example of perfectly hedged lans, see figure 6-8 Earnings after taxes S440640