Answer question 17

A treasury manager is in the process of developing cash transfer rules for the firm Currently. the firm's bank charges $15 per wire and $0.30 per ACH. The ACH takes 1 day longer to clear. The firm's account earns an earnings credit rate of 0.50%, and the required reserve ratio is 10%. If the firm's opportunity cost of funds is 6 5%. What it the minimum transfer balance? a. $84, 230, 75 b. $88, 685, 95 c. $82, 276, 35 d. $86, 546, 15