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Lever Age pays an 10% rate of interest on $10.20 million of outstanding debt with face value $10.2 million. The firm's EBIT was $1.2 million.

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Lever Age pays an 10% rate of interest on $10.20 million of outstanding debt with face value $10.2 million. The firm's EBIT was $1.2 million. a. What is its times interest earned? Note: Round your answer to 2 decimal places. b. If depreciation is $220,000, what is its cash coverage ratio? Note: Round your answer to 2 decimal places

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