Det 1. ISSAY. Write your answer in the space provided or on a separate sheet of paper Nile Holdings Selected financial information as of Dec. 31 2014 2. wh, Last year's EBIT (2014) Expected EBIT (2015) Current portion of existing long-term debt, duc 2015 $34 $175.0 million $189.8 million FC Interest due in 2015 on existing debt Tax rate Common stock price per share Common shares outstanding Dividends per share $36 million 35o $50.00 20 million $2.00 refer to the financial information for Nile Holdings above. Nile must decide how to finance a $100 ume Nile raises $100 million of new debt at the end of 2014, at an interest rate of 7%. million investment. Ass a. Calculate the firm's pro forma 2015 times-interest-earned (TIE) ratio. b. Calculate the percentage EBIT can fall (below expected EBIT) before interest coverage dips below 1.0