Performance materiality commonly ranges from 6u per cent ...and 85 per cent ... of the figure established for materiality for the financial report as a whole(Gay&Simnett2018p.158).Calculate the performance materiality threshold for an audit with low risk for the period ended on 30 June2021.Assume the company reports net profit of$250M on 30 June2020and$158Mon30June2021

A The materiality threshold is between 6.715Mand 13.43M B The materiality threshold isbetween474Mand9.48M C The materiality threshold is between12.5Mand 25M D The materiality threshold isbetween1063Mand21.25M E The materiality threshold is between7.9Mand 15.8M