The All Delivery Company needs to lease additional trucks for its delivery business. The company approached the bank for a loan. The bank manager requested and was given the following information: 1. The company pays monthly lease payments of $6,500 for its fleet of trucks 2. The company pays annual interest expense of $75,000 on its loans 3. The company pays annual lease principal payment of $105,000 4. The company spends $10,000 annually to replace some of its equipments 5. The company pays $85,000 in taxes for the current year 6. The company generates EBITDA of $450,000 Please calculate the Fixed Coverage Charges. All calculations must be 2-decimal places (5%) Should the loan officer approve the loan? Please explain in over 100-words (5%)