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[ 2 0 points ] The cash budget for the first three quarters of the HiCASH - 9 0 9 company is given below (
points The cash budget for the first three quarters of the HiCASH company is given below omitted The company requires a minimum cash balance of $ to start each
quarter. If necessary, the company will borrow money from its bank to maintain this balance. The company will pay no interest in Quarters and It will repay as much of its borrowings as
possible as soon as it has more than $ in cash in a given quarter. Suppose the company starts the first quarter with no bank debt. How much total bank debt does the company expect to
have at the end of the third quarter?
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