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MPI Incorporated has $3 billion in assets, and its tax rate is 25%. Its basic earning power (BE:P) ratio is 14%, and its return on

MPI Incorporated has $3 billion in assets, and its tax rate is 25%. Its basic earning power (BE:P) ratio is 14%, and its return on assets (ROA) is 3%. What is MPI's times-interest-earned (TIE) ratio? Do not round intermediate calculations. Round your answer to two decimal places

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