value: 10.00 points Problem 6-15 Currently. Atlas Tours has $6.28 million in assets. This is a peak six-month period. During the other six months temporary current assets drop to $510,000. Temporary current assets Permanent current assets Capital assets $1,310,000 2,020,000 2,950,000 Total assets $6,280,000 Shor-term rates are 5 percent. Long-term rates are 7 percent. Annual earnings before interest and taxes are $1,190,000. The tax rate is 38 percent a. If the assets are perfectly hedged throughout the year, what will earnings be after taxes? Earnings after taxes b. If short-term interest rates increase to 7 percent when assets are at their lowest level, what will earnings be after taxes? Earmings after taxes References eBook & Resources Worksheet Problem 6-15 Learning Objective: 06