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MPL Incorporated has $3 billion in assets, and its tax rate is 25%. Its basic earning power (HEP) ratio is 9%, and its return on

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MPL Incorporated has $3 billion in assets, and its tax rate is 25%. Its basic earning power (HEP) ratio is 9%, and its return on assets (ROA) I 4%. What is MPI's times interest-earned (TIE) ratio? Do not round Intermediate calculations. Round your answer to two decimal places

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