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

$ $53$ million

$ $28$ million

$$23$ million

$ $34\mathrm{.}5$

Company tax rate

$33$ million

$45\%$

a$.$ Calculate Adirondack's times$-$interest$-$earned ratio for next year assuming the firm raises $$63$ million of new debt at an interest rate

of $5$ percent.

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

$$2\mathrm{.}0$ million.

c$.$ Calculate next year's earnings per share assuming Adirondack raises the $$63$ million of new debt.

d$.$ Calculate next year's times$-$interest$-$earned ratio, times$-$burden$-$covered ratio, and earnings per share if Adirondack sells $2\mathrm{.}8$ million

new shares at $$20$ 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.