10 In the past year, TVG had revenues of $2.92 million, cost of goods sold of $2 42 million and depreciation expense of $183,760. The firm has a single issue of debt outstanding with book value of $118 million on which it pays an interest rate of 8%. What is the firm's times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 1 points Times interest earned Book Print ferences Check 7 1 bois Suppose that the Treasury bill rate is 6% rather than 4% as we assumed in Table 12.1. and the expected return on the market is 12% Use the betas in that table to answer the following questions a. When you assume this higher risk-free interest rate, what makes sense for how you should modify your assumption about the rate of return on the market portfolio? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 1 decimal 5. Recalculate the expected return on the stocks in Tob 121. (Do not round Intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) c. Suppose now that you continued to assume that the expected return on the market remained at 12% Now what would be the expected returns on each stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal ploce.) d. Ford offer a higher or lower expected return if the interest rate is 6% rather than 4%? e. Walmart offer a higher or lower expected return if the interest rate is 6% rather than 4%? book Reference Market retum Expected return Expected retum Ford's expected return Walmart's expected rotum % d