Hollywood Shoes would like to maintain their cash account at a minimum level of $55,000, but expect the standard deviation in net daily cash flows to be $4,500; the effective annual rate on marketable securities to be 6.00 percent per year; and the trading cost per sale or purchase of marketable securities to be $150 per transaction. What will be their optimal cash return point? (Round your answer to 2 decimal places.)

$76,695.98

$59,500.00

$79,254.89

$79,382.73