Question: Problem 6-15 Alternative financing plans [LO6-5] Lear Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the

Problem 6-15 Alternative financing plans [LO6-5] Lear Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the

Problem 6-15 Alternative financing plans [LO6-5] Lear Inc. has $800,000 in current assets, $350,000 of which are considered permanent current assets. In addition, the firm has $600,000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets with long-term financing costing 10 percent. The balance will be financed with short-term financing, which currently costs 5 percent. Lear's earnings before interest and taxes are $200,000. Determine Lear's earnings after taxes under this financing plan. The tax rate is 30 percent. Answer is complete but not entirely correct. Earnings after taxes $ 85,750

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