Aia inc is looking to manage its cash position using the, Ask an Expert

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AIA Inc. is looking to manage its cash position using the EOQ model. The company is consuming cash at the rate of $5800 per day, and is open for business 365 days in the year. Each time the firm sells securities to obtain the cash, it costs them $200. The interest rate is 2.60%. What are the total costs (annual storage costs + annual order costs) associated with the EOQ?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92428365

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