(Answered) Hollywood shoes would like to maintain their cash account

Finance

Hollywood Shoes would like to maintain their cash account at a minimum level of $60,000, but expect the standard deviation in net daily cash flows to be $5,000; the effective annual rate on marketable securities to be 6.00 percent per year; and the trading cost per sale or purchase of marketable securities to be $200 per transaction. What will be their optimal upper cash limit? (Round your answer to the nearest dollar amount.)

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