Net income before tax of a company is $50,000. This company has interest bearing securities of $40,000 with weighted average interest rate of 8%. The company has $350,000 of ordinary shares, $350,000 of preference shares and $30,000 of reserves. The interest coverage ratio for this company is close to: Select one: O A. 11.75 OB. 12.5 O C. 15.63 O D. 16.63