What will be their optimal cash replenishment level

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Reference no: EM131588081

Rose Resources faces a smooth annual demand for cash of $10.7 million; incurs transaction costs of $360 every time they sell marketable securities, and can earn 4.6 percent on their marketable securities. What will be their optimal cash replenishment level? (Round your answer to 2 decimal places.)

$409,241.08

$28,937.71

$38,246.83

$289,377.14

Reference no: EM131588081

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