Onyx Expects to Have an EBIT of $240,000 with a Standard

Multiple Choice

Onyx expects to have an EBIT of $240,000 with a standard deviation of $110,000. The distribution of operating income is approximately normal. If Onyx has interest expenses of $50,000, what is the probability that it will have an operating income that is below $0? (Problem requires a normal distribution table.)

A) 4.27%
B) 1.46%
C) 0.02%
D) 2.4%