Now consider the junk bond financing alternative.a$.$ Construct pro forma income statements for $1993$ for the two financing alternatives.b$.$ What are the times$-$interest$-$earned, fixed charge coverage, and cash flow coverage ratiosunder each alternative? $8.$ What should Rodriguez and Fulton$$s final decision be$?$ Fully support your answer. Are thereany other financing alternatives that should be considered? $9.$ Assume that another alternative would be to use only $$3$ million of debt financing. In thissituation, the debt would be less risky and a $16$ percent coupon would be sufficient. Whatwould be the leverage ratios for this scenario?$10.$ Return to the $$6$ million debt scenario. What sales amount would result in a pro forma TIE of$1?$ A cash flow coverage of $1?$