As the chief financial officer of Adirondack Designs, you have the following information:

Next year's expected net income after tax but before new financing

sinking$-$fund payments due next year on the existing debt

Interest due next year on the existing debt

Common stock price, per share

Common shares outstanding

Company tax rate

$$46$ million

$$21$ million

$$16$ million

$$31\mathrm{.}0$

$26$ million

$30\%$

a$.$ Calculate Adirondack's times$-$interest$-$earned ratio for next year assuming the firm raises $$56$ million of new debt at an interest rate of $4$ percent.

b$.$ Calculate Adirondack's times$-$burden$-$covered ratio for next year assuming annual sinking$-$fund payments on the new debt will equal $$5\mathrm{.}5$ million.

c$.$ Calculate next year's earnings per share assuming Adirondack raises the $$56$ million of new debt.

d$.$ Calculate next year's times$-$interest$-$earned ratio, times$-$burden$-$covered ratio, and earnings per share if Adirondack sells $21$ million new shares at $$27$ a share instead of raising new debt.

Note: Do not round intermediate calculations. Round "Earnings per share" answers to $2$ decimal places and other answers to $1$ decimal place.

$\backslash$table$[[$a$.$ Times interest earned,$],[$b$.$ Times burden covered,$],[$c$.$ Earnings per share,$],[$d$.$ Times interest earned,$],[$d$.$ Times burden covered,$],[$d$.$ Earnings per share,$]]$