A. You have graduated from College and is hired as a bank loan manager for a commercial bank with the responsibility for approving loans to commercial businesses. You will evaluate the financial information of businesses before deciding whether to approve the loan. You have requested and have received the annual fixed charges from Exclusive Transportation Company (totaling $816,800), along with its cash flow from operations (for $615,000). The Exclusive Transportation Company is requesting a $150,000 loan for expansion purposes. Cash flow from operations Interest on line of credit Interest on long-term debt Office equipment lease Leasses expiring within the current yer Expected lease on company car Principal payments on long-term debt 615,000 96,800 255,000 55,000 15,000 45,000 350,000 2. Please calculate the Fixed Charge Coverage ratio. 3. Based on your calculation would you approve the loan request? Why or why not? Please explain