What will be its optimal cash return point

Reference no: EM13270016

Veggie Burgers, Inc., would like to maintain its cash account at a minimum level of $261,000 but expects the standard deviation in net daily cash flows to be $13,600, the effective annual rate on marketable securities to be 4.1 percent per year, and the trading cost per sale or purchase of marketable securities to be $35.50 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 $

Reference no: EM13270016

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