(Answered) Veggie burgers inc would like to maintain its cash account

Finance

Veggie Burgers Inc, would like to maintain its cash account at a minimum level of $248,000 but expects the standard deviation in net daily cash flows to be $12,300, the effective annual rate on marketable securities to be 4.0 percent per year, and the trading cost per sale or purchase of marketable securities to be $29.00 per transaction. What will be the optimal upper cash limit? use 365days per year. Do not round intermediate calculations and round your final answer to 2 decimal places

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