Mulligan's Used Golf Balls reported the following income statement data: net sales = $5, 400, cost of goods sold = $2, 350, operating expenses = $580, depreciation = $610, interest expense = $200, tax rate = 35%. What is the interest coverage ratio (EBIT/interest)? a. $1, 079 b. 11, 10 c. 9.30 d. 5.40 e. None of the above. A friend of mine recently won Monaco lottery. He was given the choice between receiving $500,000 today or receiving an annual payment every year forever (a perpetuity) with the first payment to be made one year from today. If the discount rate is 10% (annually), what payment (perpetuity) amount would make my friend be indifferent between the two choices? a. $112, 111 b. $100,000 c. $50,000 d. $10,000 e. None of the above