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Next years EBIT for the Latrobe Company is approximately normally distributed with an expected value of $8 million and a standard deviation of $5 million The firm’s marginal tax rate is 40 percent

Next year’s EBIT for the Latrobe Company is approximately normally distributed with an expected value of $8 million and a standard deviation of $5 million. The firm’s marginal tax rate is 40 percent. Fixed financial charges (interest payments) next year are $1.5 million. Determine the probability that Latrobe will have

a. Negative EPS

b. Positive EPS

Mar 31 2020 View more View Less

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