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What is the interest coverage ratio of a firm that has sales of $840.0 million, EBIT of $133.8 million, interest expense of $19.8 million, depreciation
What is the interest coverage ratio of a firm that has sales of $840.0 million, EBIT of $133.8 million, interest expense of $19.8 million, depreciation of $31.4 million, and a 30% tax rate? Note: Your answer must be accurate to within 0.01. An investment is expected to have an annual payout that is $300 in the first year and then increases by 3.0% each year thereafter. If the market requires this investment to provide an annual return of 9.0%, what is the current market price of this investment? Note: Your answer must be accurate to within one dollar. An investment promises a payoff of $65,000 in 12 years for an investment of $28,000 today. What is the promised annual rate of return on this investment? Note: Your answer must be given in percentage terms and accurate to within 0.01%
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