A company from Turner Valley, Alberta recently set up shop in Saskatoon. Business has been strong, and the company's times interest earned ratio for the most recent year was 2.7 times. This means: The firm has sufficient EBIT to cover its interest expense 2.7 times. The interest expense of this firm exceeded earnings before taxes by 2.7 times. The firm generated enough cash to cover its interest expense 2.7 times, The firm earned $1 in EBIT for every $2.70 it paid out in interest. The net income of this form is sufficient to cover its interest expense 2.7 times. D Question 12 1 pts Ronaldo feels like he could burst - he is so proud of his little two year old niece Roberta. With only one niece, no nephews, and no children of his own, Ronaldo really wants to help Roberta to get started in life, and he would like to give her $50,000 to put towards her university education in sixteen years. How much money does he need to invest today in order to reach his goal, if he expects to earn 7.8% on his account? $15,033.84 O $14.775.50 $16.245.33 $15,250.00 $16.909.13