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A company currently uses an ACH transfer for most of its movement of funds from deposit accounts to its concentration account for $1.00 per transfer.

A company currently uses an ACH transfer for most of its movement of funds from deposit accounts to its concentration account for $1.00 per transfer. A wire transfer option is available at a total cost of $15. If the company's short-term cost of capital is 3.5%, what would be the minimum amount that should be wired during the middle of the week( assume 1 business day speed-up)?

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