Christensen & Assoc. is developing an asset financing plan. Christensen has $650,000 in current assets, of which 25% are permanent, and $820,000 in capital assets. The current long-term rate is 8%, and the current short-term rate is 4%. Christensen's tax rate is 30%. Required 1. Construct three financing plans o perfectly hedged o conservative, with 80% of assets financed by long-term sources o aggressive, with only 60% of assets financed by long-term sources. 2. If Christensen's earnings before interest and taxes are $325,000, calculate net income under each alternative. 3. Which plan would you recommend to Christensen? Why