1. Thomson Trucking has $14 billion in assets, and its tax rate is 30%. Its basic earning power (BEP) ratio is 16%, and its return on assets (ROA) is 6%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.
2. Maria Addai has been offered a future payment of $750 two years from now. If she can earn an annual rate of 6.5 percent, compounded daily, on her investment, what should she pay for this investment today?