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eBook Problem Walk-Through MPI Incorporated has $12 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 11%, and

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eBook Problem Walk-Through MPI Incorporated has $12 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 11%, and its return on assets (ROA) is 3%. What is MPI's times-interest-eamed (TIE) ratio) Do not round intermediate calculations, Round your answer to two decimal places

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