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TLC, Inc. expects the following financial results in 2020: EBIT: $200 million Interest Expense: $40 million Principal Payments: $32 million What is the percentage EBIT

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TLC, Inc. expects the following financial results in 2020: EBIT: $200 million Interest Expense: $40 million Principal Payments: $32 million What is the percentage EBIT can fall before the TBC coverage drops below 1 for TLC? Assume a tax rate of 20%. 40% 60% 33% 67%

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