d) Next year DOGGI Ltd forecasts a cash requirement of K1.6milion, the use being constant ii) Should they offer the discourt? throughout the year. The company has investments in excess of this amount which are earning 10.5% p.a. The company earns interest of 6% on their current account bank i) If the company sells K150,000 of investments each time, calculate the total balance. The cost of selling investments is K150 per transaction ii) What is the optimal economic quantity of cash to transfer each time in order tc cost p.a. to the company. Explain how the financing of working capital can be arranged in terms oi short and minimise costs? long term sources of finance. In partizular, make reference to: i) The financing of working capital or net current assets when short term sources of finance are exhausted ii) The distinction between fluctuating and permanent current asseis