Hollywood Shoes would like to maintain their cash account at a minimum level of $59,000, but expect the standard deviation in net daily cash flows to be $4,900; the effective annual rate on marketable securities to be 7.00 percent per year; and the trading cost per sale or purchase of marketable securities to be $190 per transaction. What will be their optimal upper cash limit? (Round your answer to the nearest dollar amount.)

Multiple Choice $63,900 $79,086.51 $138,280.61 $82,013.85