6) The Roberts Global Ltd. has earnings before interest and taxes (EBIT) of $924,000 per year. The firm has $700,000 of 11 percent coupon interest rate bonds presently outstanding. The indenture on these bonds places a restriction on the amount of total bonds issued by specifying that EBIT must be at least six times greater than total interest paid on the firm's bonds. What is the maximum amount (par value) of new 14 percent coupon interest rate bonds that Reynolds can issue? C) $550,000 B) $1.25 million D) $5.0 million A) $700,000