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3 Lever Age pays an 8% rate of interest on $10 million of outstanding debt with face value $10 million. The firm's EBIT was $1

3 Lever Age pays an 8% rate of interest on $10 million of outstanding debt with face value $10 million. The firm's EBIT was $1 million. a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest earned b. If depreciation is $200,000, what is its cash coverage ratio? (Round your answer to 1 decimal place.) Cash coverage ratio

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