Question: Builtrite has calculated the average cash flow for a potential project to be $12,000 with a standard deviation of $4,500. Bob Katz, a senior manager

Builtrite has calculated the average cash flow for a potential project to be $12,000 with a standard deviation of $4,500. Bob Katz, a senior manager knows that he will be eligible for a nice bonus if the project's cash flow falls in the top 3%. What cash flow amount should earn Bob a nice bonus? (Assume a normal distribution.)

		$24,862
		$12,360
		$20,460
		$17,568

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