Guardian Inc. is trying to develop an asset-financing plan. The firm has $400,000 in temporary current assets and $300,000 in permanent current assets. Guardian also has $500,000 in fixed assets. Assume a tax rate of 40 percent a. Construct two alternative financing plans for Guardian. One of the plans should be conservative, with 75 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. The current interest rate is 15 percent on long-term funds and 10 percent on short-term financing. Compute the annual interest payments under each plan. k Conservative Aggressive Annual Interest $ 165,000 $ 153.750 1 nces b. Given that Guardian's earnings before interest and taxes are $200,000. calculate earnings after taxes for each of your alternatives. Conservative Aggressive Earning After Taxes $ 21.000 $ 27.750 c. What would the annual interest and earnings after taxes for the conservative and aggressive strategies be if the short-term and long- term interest rates were reversed? Conservative Aggressive Total interest Earnings after taxes