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Expected payments for next year Net income: $63 million Interest due: $15 million Interest rate on new debt: 5% Tax rate: 35% Scheduled debt repayments:

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Expected payments for next year Net income: $63 million Interest due: $15 million Interest rate on new debt: 5% Tax rate: 35% Scheduled debt repayments: $42 million Current Stock price: $72 Number of shares outstanding: 20 million . Part 1 Attempt 1/5 for 10 pts. What will be the times-interest-earned ratio in the coming year if the company borrows an additional $60 million now? 1+ decimals Submit IB Part 2 Attempt 1/5 for 10 pts. What will be earnings per share in the coming year if the company borrows an additional $60 million now? 1+ decimals Submit Part 3 Attempt 1/5 for 10 pts. What will be the times-interest-eamed ratio in the coming year if the company sells 3 million shares now instead of borrowing additional funds? 1+ decimals Submit Part 4 SB - Attempt 175 for 10 pts. What will be earnings per share in the coming year if the company sells 3 million shares now instead of borrowing additional funds? 1+ decimals Submit

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