Intro Expected payments for next year - Net income: $60 million - Interest due: $16 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 1/10 for 10 pts. What will be the times-interest-earned ratio in the coming year if the company borrows an additional $60 million now? Part 2 Attempt 1/10 for 10 pts. What will be earnings per share in the coming year if the company borrows an additional $60 million now? Part 3 Attempt 1/10 for 10 pts. What will be the times-interest-earned ratio in the coming year if the company sells 3 million shares now instead of borrowing additional funds? Part 4 Attempt 1/10 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? Intro Expected payments for next year - Net income: $60 million - Interest due: $16 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 1/10 for 10 pts. What will be the times-interest-earned ratio in the coming year if the company borrows an additional $60 million now? Part 2 Attempt 1/10 for 10 pts. What will be earnings per share in the coming year if the company borrows an additional $60 million now? Part 3 Attempt 1/10 for 10 pts. What will be the times-interest-earned ratio in the coming year if the company sells 3 million shares now instead of borrowing additional funds? Part 4 Attempt 1/10 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