49. MADA CO., the financial analyst of Keep-Fit Health Equipment Company, has a short-term investment yield of 3 percent and transaction cost of $40 per transaction. The cash inflows and outflows have traditionally been irregular with a variance of daily net cash flows equal to $39,000. Management of the company wants a desired minimum cash balance of $2,200. The target cash balance, and the upper limit of cash balance is.

a.

Target cash balance is $5,000 and the upper limit is $6,567

b.

Target cash balance is $5,000 and the upper limit is $9,472

c.

Target cash balance is $4,624 and the upper limit is $6,567

d.

Target cash balance is $4,624, and the upper limit is $9,472