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The financial information for Nile Holdings above. Nile must decide how to finance a $100 million investment. Assume Nile raises $100 million of new debt

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The financial information for Nile Holdings above. Nile must decide how to finance a $100 million investment. Assume Nile raises $100 million of new debt at the end of 2014, at an interest rate of 7%. Calculate the firm's pro forma 2015 times-interest-earned (TIE) ratio. Calculate the percentage EBIT can fall (below expected EBIT) before interest coverage dips below 1.0. Calculate next year's times-burden-covered ratio and earnings per share if Nile sells 2 million new shares at $50 a share instead of raising new debt

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