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XYZ Inc. has earnings before taxes for the most recent year of $2,500,000. The tax rate is 21%. The firm paid $300,000 in total interest
XYZ Inc. has earnings before taxes for the most recent year of $2,500,000. The tax rate is 21%. The firm paid $300,000 in total interest expense and deducted $200,000 in depreciation expense. How many times does the company have its interest obligations covered by its cash flow before interest and taxes? (Do not round your intermediate calculations.)
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