1 - Chapter 6 0 Saved Help Save & Exit Required information [The following information applies to the questions displayed below.) of 4 Squamish Equipment Selected financial information Expected net income after tax next year before new financing Sinking-fund payments due next year on existing debt Interest due next year on existing debt Company tax rate Common stock price, per share Common shares outstanding $ $ $ 40 million 14 million 15 million 36% 20.00 18 million Please refer to the financial information for Squamish Equipment above. Calculate Squamish's times-interest-earned ratio for next year assuming the firm raises $40 million of new debt at an interest rate of 7 percent. Multiple Choice Required information Multiple Choice Part 3 of 4 None of the options are correct