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Lever Age pays an 9% rate of interest on $10.40 million of outstanding debt with face value $10.4 million. The firm's EBIT was $1.4 million

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Lever Age pays an 9% rate of interest on $10.40 million of outstanding debt with face value $10.4 million. The firm's EBIT was $1.4 million a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest earned b. If depreciation is $240,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.) Cash coverage ratio

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