Colter Steel has $5,450,000 in assets, distributed as follows:

Temporary current assets: $2,900,000
Permanent current assets: $1,595,000
Fixed assets: $955,000
Total assets: $5,450,000

Assuming short-term interest rates are 13 percent and long-term rates are 5 percentage points lower than short-term rates, and given that earnings before interest and taxes are $1,150,000, with a tax rate of 20 percent, if long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of short-term financing, what will earnings after taxes be?