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86. The Cherry Hill Furniture Company sets its initial cash balance at $30,000. This amount is evenly disbursed over a 14-day period. As soon as
86. The Cherry Hill Furniture Company sets its initial cash balance at $30,000. This amount is evenly disbursed over a 14-day period. As soon as the account is depleted another $30,000 is deposited. The costs of replenishing the account are $20 per transaction. The market rate of return is 8%. Use a 365-day year. What is the annual opportunity cost of the cash balance? -A.-$1,100B.-$1,150C.-$1,167D.-$1,200E.-$1,250
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