Check my work 8 Lear, Inc. has $1,100,000 in current assets, $470,000 of which are considered permanent current assets. In addition, the firm has $720,000 invested in capital assets. a. Lear wishes to finance all capital assets and half of its permanent current assets with long-term financing costing 10 percent Short- olnts term financing currently costs 5 percent. Lear's earnings before interest and taxes are $320,000 Determine Lear's earnings after taxes under this financing plan. The tax rate is 30 percent 8 03:46-21 Earnings after taxes $ eBook b. As an alternative, Lear might wish to finance all capital assets and permanent current assets plus half of its temporary current assets with long-term financing. The same interest rates apply as in part a. Earnings before interest and taxes will be $320,000, What will be References Lear's earnings after taxes? The tax rate is 30 percent Earnings after taxes c. Not available in Connect Mc Graw