MPI Incorporated has $$5$ billion in assets, and its tax rate is $35\%.$ Its basic earning power $($BEP$)$ ratio is $9\%,$ 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.

fill in the blank $\%$