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MPI Incorporated has $5 billion in assets, and its tax rate is 35%. Its basic eaming power (BEP) ratio is 8%, and its return on

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MPI Incorporated has $5 billion in assets, and its tax rate is 35%. Its basic eaming 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. Open spreadsheet What is MPT's times-interest-earned (TIE) ratio? Round your answer to two decimal places

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