The Princeville Company has debt covenants on its bank loan. During the 15-year term of the loan, Princeville must comply with these covenants: (Click the icon to view the covenants.) Managers in the company are evaluating three projects and the following What-if Scenario summary has been prepared. (Click the icon to view the What-If Scenario.) Which project(s) meet(s) all three of the debt covenant requirements? For those projects that do not meet the debt covenant requirements, specify which specific debt covenants would be violated by each of those projects. B For each project, include a check mark (V) in each column that applies to that project. Failure to meet debt covenant: Meets all three debt covenants a. Current ratio must be 1.25 or higher b. Debt ratio must not go above 60.0 % c. Times-interest-earned (TIE) ratio must be at least 3.00 Project 1 Project 2 Project 3