MPI Incorporated has $$6$ 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 th

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