1. Lever Age pays an 9% rate of interest on $10.10 million of outstanding debt with face value $10.1 million. The firm's EBIT was $1.1 million.

a. What is its times interest earned? (Round your answer to 2 decimal places.)

b. If depreciation is $210,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.)

2)Home Depot entered fiscal 2017 with a total capitalization of $21,892 million. In 2017, debt investors received interest income of $873 million. Net income to shareholders was $8,642 million. (Assume a tax rate of 21%.)

Calculate the economic value added assuming its cost of capital is 10%. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)