Reference no: EM131311859
Veggie Burgers, Inc., would like to maintain its cash account at a minimum level of $264,000 but expects the standard deviation in net daily cash flows to be $13,900, the effective annual rate on marketable securities to be 3.8 percent per year, and the trading cost per sale or purchase of marketable securities to be $37.00 per transaction. What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places.)
Optimal cash return point $ ?