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 $ 41 million

Sinking-fund payments due next year on the existing debt $ 16 million

Interest due next year on the existing debt $ 11 million

Common stock price, per share $ 28.5

Common shares outstanding 21 million

Company tax rate 45%

1. Calculate Adirondack's times-interest-earned ratio for next year assuming the firm raises $51 million of new debt at an interest rate of 5 percent.
2. Calculate Adirondack's times-burden-covered ratio for next year assuming annual sinking-fund payments on the new debt will equal $5.0 million.
3. Calculate next year's earnings per share assuming Adirondack raises the $51 million of new debt.
4. Calculate next year's times-interest-earned ratio, times-burden-covered ratio, and earnings per share if Adirondack sells 1.6 million new shares at $26 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.

a. Times interest earned

b. Times burden covered

c. Earnings per share

d. Times interest earned

d. Times burden covered

d. Earnings per share