Scherr Corporation's current EPS is $5.00 at a sales level of $10 million. At this sales level,
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Scherr Corporation's current EPS is $5.00 at a sales level of $10 million. At this sales level, EBIT is $2 million. Scherr's DCL has been estimated to be 2.0 at the current level of sales. Sales are forecast to have an expected value of $11 million next year, with a standard deviation of $500,000. The coefficient of variation of sales is equal to 0.045. What is the probability that EPS will be less than $5.00 per share next year, assuming that sales are normally distributed? P-9687
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