Last year, TVG's revenue was $3.04 million, cost of goods sold $2.54 million, and depreciation expense of
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Last year, TVG's revenue was $3.04 million, cost of goods sold $2.54 million, and depreciation expense of $130,280. The Firm has a single outstanding debt issue with a carrying amount of $1.04 million and paid an interest rate of 9%.
What is the firm's rate of interest multiplied by what? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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