Lear Incorporated has $$1,020,000$ in current assets, $$460,000$ of which are considered permanent current assets. In addition, the firm has $$820,000$ invested in fixed assets.

Lear wishes to finance all fixed assets and half of its permanent current assets with long$-$term financing costing $8$ percent. The balance will be financed with short$-$term financing, which currently costs $5$ percent. Lear$$s earnings before interest and taxes are $$420,000.$ Determine Lear$$s earnings after taxes under this financing plan. The tax rate is $30$ percent.