Corvex Corporation Consolidated Income Statement Year ended December 31 (in Smillions) 2016 Total sales 610.1 Cost of sales -500.2 Gross profit 109.9 Selling, general, and administrative expenses -40.5 Research and development -24.6 Depreciation and amortization -3.6 Operating income 41.2 Other income Earnings before interest and taxes (EBIT) 41.2 Interest income (expense) -25.1 Pretax income 16.1 Taxes -5.5 Net income 10.6 2015 564.9 -360.5 204.4 -40.5 -23.5 -3.4 137.0 137.0 -14.3 122.7 -42.9 79.8 Refer to the income statement of Corvex Corporation above. Calculate times-interest-earned (TIE) in 2016 using EBITDA as a measure of earnings. The TIE is closest to: O 0.56 O 1.12 O 1.78 O 1.64 O 1.50