Kelly's Kitchen is considering the issuance of additional long-term debt to finance expansion. At the present time the company has $160 million of 10% debentures outstanding. Its after-tax net income is $48 million, and the company's (marginal) income tax rate is 40%. The company is required by the debenture holders to maintain its coverage ratio at 4.0 or greater. Determine Kelly's present coverage ratio O A. 6.00 0 O B. 2.78 O c. 3.33 O D. 5.00