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Botany Corp. uses up cash at a rate of $3,000,000 per year. The interest rate is 5 percent and each sale of securities costs $25.
Botany Corp. uses up cash at a rate of $3,000,000 per year. The interest rate is 5 percent and each sale of securities costs $25. What is the optimal amount of securities that should be sold each time to minimize the cost of investing cash?
A) $5,477
B) $10,954
C) $38,730
D) $54,772
E) $189,737
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