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Lever Age pays an 10% rate of interest on $9.00 million of outstanding debt with face value $9 million. The firms EBIT was $3 million.

Lever Age pays an 10% rate of interest on $9.00 million of outstanding debt with face value $9 million. The firms EBIT was $3 million. What is its times interest earned? Note: Round your answer to 2 decimal places. If depreciation is $100,000, what is its cash coverage ratio? Note: Round your answer to 2 decimal places.

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