MPI Incorporated has $4 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 11%, and its return on assets (ROA) is 4%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places. \begin{tabular}{|c|c|c|c|c|} \hline & A & B & C & D \\ \hline 1 & TIE ratio & & & \\ \hline \multicolumn{5}{|l|}{2} \\ \hline 3 & Total Assets & $4,000,000,000.00 & & \\ \hline 4 & Tax Rate & 35.00% & & \\ \hline 5 & Basic Earning Power (BEP) Ratio & 11.00% & & \\ \hline 6 & Return on Assets (ROA) & 4.00% & & \\ \hline 7 & & & & Formulas \\ \hline 8 & EBIT & & & \#N/A \\ \hline \multicolumn{5}{|l|}{9} \\ \hline 10 & Net Income & & & \#N/A \\ \hline \multicolumn{5}{|c|}{11} \\ \hline 12 & Partial Income Statement: & & & \\ \hline 13 & EBIT & $0.00 & & \\ \hline 14 & Interest & & & \#N/A \\ \hline 15 & Earnings Before Taxes & & & \#N/A \\ \hline 16 & Taxes & & & #N/A \\ \hline 17 & Net Income & & & \#N/A \\ \hline \multicolumn{5}{|c|}{18} \\ \hline 19 & TIE Ratio & & & \#N/A \\ \hline 20 & & & & \\ \hline \end{tabular}