SHORT ANSWER. Write your answer in the space provided or on a Nile Holdings Selected financial information as of Dee. 31, 2014 Last year's EBIT (2014) Expected EBIT (2015) $175.0 million $189.8 million urrent portion of existing long-term debt, due 2015 $34 million $36 million 35% $50.00 20 million Interest due in 2015 on existing debt Tax rate Common stock price per share Common shares outstanding Dividends per share $2.00 20. Please refer to the financial information for Nile Holdings above. Nile must decide how to finance a million investment Assume Nile nises $100 million of new debt at the end of 2014, at an interest rate of 7%. a. Calculate the firm's pro forma 2015 times-interest-earned (TIE) ratic. b. Calculate the percentage EBIT can fall (below expected EBIT) before interest coverage dips below 1.0