The Karson Transport Company currently has net operating income of 509000 and pays interest expense of 207000. The company plans to borrow 1.07 million on which the firm will pay 11 percent interest. The borrowed money will be used to finance an investment that is expected to increase the firm's net operating income by 396000 a year. a. What is Karson's times interest earned ratio before the loan is taken out and the investment is made? b. What effect will the loan and the investment have on the firm's times interest earned ratio? Question content area bottom Part 1 a. What is Karson's times interest earned ratio before the loan is taken out and the investment is made? The times interest earned ratio is enter your response here times. (Round to two decimal places.)