MPI Incorporated has $4 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 8%, and its return on assets (ROA) is 3%. 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.

What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places.

TIE ratio
Total Assets	$4,000,000,000.00
Tax Rate	35.00%
Basic Earning Power (BEP) Ratio	8.00%
Return on Assets (ROA)	3.00%
			Formulas
EBIT			#N/A
Net Income			#N/A
Partial Income Statement:
EBIT	$0.00
Interest			#N/A
Earnings Before Taxes			#N/A
Taxes			#N/A
Net Income			#N/A
TIE Ratio			#N/A

Please show full formulas for answer. Thank you