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What is the minimum appropriate transfer amount

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Reference no: EM132951728

Problem 1: A company is trying to determine the level of funds concentration transfer at which they should use a wire rather than an ACH. It costs the company $14.00 (all-in) for a same-day wire and $.0.50 for a next-day ACH. Assuming an opportunity cost of 1.25% and a mid-week transfer, which of the following is the minimum appropriate transfer amount where a wire should be used?

Group of answer choices

Option 1: $151,615

Option 2: $175,808

Option 3: $275,231

Option 4: $394,200

Reference no: EM132951728

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