A firm has been growing at a constant 5 percent rate for many years, and it expects to continue this growth long into the future.

A firm has been growing at a constant 5 percent rate for many years, and it expects to continue this growth long into the future. On January 1 of this year, which is the slow part of its selling season, the firm’s total assets were $420 million. At the height of its selling season, which is at the end of June, the firm expects total assets to be $480 million. How much of the $480 million in assets represents permanent assets, and how much represents temporary current assets?