Jabil Company is considering issuing additional long-term debt to finance an investment opportunity. Currently, Jabil has $500 million in 10% debt outstanding. Its after-tax net income is $90 million, and the company is in 40 percent tax bracket. Jabil Company is required by debt holders to maintain its times interest earned ratio at 2.5 or greater. How much additional 15% debt can Jabil Company issue now to maintain its time interest earned ratio at 2.5? Assume for this calculation that earnings before interest and taxes remains at its present level. $200.00 million $66.67 million $266.67 million $400 million Jabil Company is considering issuing additional long-term debt to finance an investment opportunity. Currently, Jabil has $500 million in 10% debt outstanding. Its after-tax net income is $90 million, and the company is in 40 percent tax bracket. Jabil Company is required by debt holders to maintain its times interest earned ratio at 2.5 or greater. How much additional 15% debt can Jabil Company issue now to maintain its time interest earned ratio at 2.5? Assume for this calculation that earnings before interest and taxes remains at its present level. $200.00 million $66.67 million $266.67 million $400 million