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Barenbaum Industries projects that cash outlays of $5.4 million will occur uniformly throughout the year. Barenbaum plans to meet its cash requirements by periodically selling

Barenbaum Industries projects that cash outlays of $5.4 million will occur uniformly throughout the year. Barenbaum plans to meet its cash requirements by periodically selling marketable securities from its portfolio. The firm's marketable securities are invested to earn 13%, and the cost per transaction of converting securities to cash is $20. Assume a 365-day year. b. What will be Barenbaum's average cash balance? Do not round intermediate calculations. Round your answer to the nearest dollar. c.ow many transfers per year will be required? Do not round intermediate calculations. Round your answer to the nearest whole number d. What will be Barenbaum's total annual cost of maintaining cash balances? Do not round intermediate calculations. Round your answer to the nearest dollar. e. What would the total cost be if the company maintained an average cash balance of $40,000? Do not round intermediate calculations. Round your answer to the nearest dollar. $ e. What would the total cost be if the company maintained an average cash balance of $0 (it deposits funds daily to meet cash requirements)? Do not round intermediate calculations. Round your answer to the nearest dollar. $

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