2.2. Use the information provided below to answer the following questions. INFORMATION During the financial year ended 31 December 2022, the total annual demand for cash at Edgemead Limited (Edgemead) amounted to R5 000000 and the fixed cost of converting marketable securities into cash and vice versa was R100 per order. Edgemead adhered to a policy of withdrawing exactly R1 000000 cash at a time and the interest rate on short-term marketable securities was 10% per annum. Required: The Chief Financial Officer (CFO) of Edgemead wants to optimize the management of cash and has asked you to calculate the optimal cash withdrawal size that would have minimized Edgemead's cost of holding cash for the year ended 31 December 2022. (4 marks) 2.3.Using the information provided below, answer the following question. INFORMATION For the next financial year, Milestones Enterprises (Milestones) is considering using the Miller-Orr model to manage its cash flows. The minimum cash balance would be R200000. A management accountant at Milestones has estimated that the variance of daily cash flows is R3 600000000 (i.e., the standard deviation is approximately R60 000). The cost of buying or selling marketable securities is R 100 , and the daily interest rate is 1%. 2.3.1. Calculate the spread (round off answer to nearest thousand). (4 marks)