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eBook MPI Incorporated has $6 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 10%, and its return

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eBook MPI Incorporated has $6 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 10%, and its return on assets (ROA) is 4%. What is MPI's times interest earned (TIE) ratio? Do not round Intermediate calculations. Round your answer to two decimal places

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