4. For its most recent year, a company's net income is $600,000. The applicable tax rate is 40% and the average annual interest rate is 8%. The bonds outstanding portfolio is $1,500,000 and the equity outstanding portfolio is $2,500,000. Depreciation and amortization equals $150,000. What is the times interest earned ratio for the company (in times)? * 8.3 5 9.3 7.3 None of the above