D Question 8 2.5 pts On January 1, 2020, Chapman Co. issued eight-year bonds with a face value of $267,083 and a stated interest rate of 6%, payable on December 31 each year. The bonds were sold to yield 8%. Table values are: Present value of 1 for 8 periods at 6%. .627 .540 Present value of 1 for 8 periods at 8% Present value of 1 for 16 periods at 3%. .623 Present value of 1 for 16 periods at 4%. .534 Present value of annuity for 8 periods at 6%. *** 6.210 Present value of annuity for 8 periods at 8%. 5.747 Present value of annuity for 16 periods at 3%. 12.561 Present value of annuity for 16 periods at 4%. 11.652 The present value of the interest annuity of the bonds is $. (ROUND TO THE NEAREST DOLLAR, MAKE SURE TO USE THE PRESENT VALUE FACTORS PROVIDED HERE, RATHER THAN ANOTHER SOURCE OR YOUR FINANCIAL CALCULATOR, TO ARRIVE AT THE CORRECT ANSWER). Present value of annuity for 8 periods at 6%. 6.210 Present value of annuity for 8 periods at 8%. 5.747 Present value of annuity for 16 periods at 3%............ 12.561 Present value of annuity for 16 periods at 4%.. 11.652 The present value of the interest annuity of the bonds is $ (ROUND TO THE NEAREST DOLLAR, MAKE SURE TO USE THE PRESENT VALUE FACTORS PROVIDED HERE, RATHER THAN ANOTHER SOURCE OR YOUR FINANCIAL CALCULATOR, TO ARRIVE AT THE CORRECT ANSWER). Question 9 2.5 pts In the recent year, American Corporation had income before interest and taxes of $107.077, interest expense of $35,000, and income tax expense of $40,000. What was American Corporation's Times Interest Earned Ratio for the year (round to two decimal places)