A new firm is developing its business plan. It will require $800,000 of assets, and it projects $347,000 of sales and $137.000 of anerating costs for the first year: Mnngement is quite sure of these nutibers because of contracts with its customers and suppliers. It can borrow at a rate of 8.75%, but the bank requires it to have a THE of ar least 4.5 , ind if the TIE falls below this level the bank will call in the loan and the firm will go bankrupt. What is the maximum debtto-assets ratio the firm can use? (Hint: Find the maximum dollars of interest, then the debt that produces that interest. and then the telated debi matio.) 49.45% 50.33% 41.03% 45.11% 43.49%