Hollywood Shoes would like to maintain their cash account at a minimum level of $64,000, but expect the standard deviation in net daily cash flows to be $5,400; 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 $240 per transaction. What will be their optimal upper cash limit? (Round your answer to the nearest dollar amount.)

Multiple Choice

$69,400

$83,546

$155,437

$86,922