Question 4 EBITDA DZ Plc will be in breach of a covenant in the lending facility if the interest coverage, (interest coverage interest charges re). falls below 2. EBITDA is earnings before interest, taxes, depreciation, and amortization. Compliance with the covenants will be checked at the end of the current quarter. If the covenant is breached, the bank can demand immediate repayment of all borrowings on the facility. That action would probably trigger a liquidity crisis for DZ Plc. With a high degree of confidence, you forecast interest charges of 25 million. Your estimate of EBITDA runs from 40 million on the low end to 60 million on the high end. If the outcomes of EBITDA are equally likely, what is the probability that interest coverage fall below 2, breaching the covenant