What will be its optimal upper cash limit

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Reference no: EM131998094

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 securties 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 its optimal upper cash limit? use 365 days a year .Do not round intermediate calculations and round your final answer to 2 decimal places.

Reference no: EM131998094

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