Hollywood Shoes would like to maintain their cash account at a minimum level of $60,000, but expect the standard deviation in net daily cash flows to be $5,000; 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 $200 per transaction. What will be their optimal cash return point? (Round your answer to 2 decimal places.)

$88,638.51

$81,520.79

$84,693.12

$65,000.00