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7. Problem 4.18 (TIE Ratio) eBook Problem Walk-Through MPI Incorporated has $9 billion in assets, and its tax rate is 25%. Its basic earning power

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7. Problem 4.18 (TIE Ratio) eBook Problem Walk-Through MPI Incorporated has $9 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 11%, and its return on assets (ROA) is 4%. What is MPI's times-interest- earned (TIE) ratio? Do not round intermediate calculations. Round your answer to two decimal places

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