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TIE RATIO MPI Incorporated has $6 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 9%, and its

TIE RATIO

MPI Incorporated has $6 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 9%, and its return on assets (ROA) is 3%. What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places.

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