HotFoot Shoes would like to maintain its cash account at a minimum level of $34,000, but expects the standard deviation in net daily cash flows to be $4,900, the effective annual rate on marketable securities to be 7.4 percent per year, and the trading cost per sale or purchase of marketable securities to be $290 per transaction.

What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places.)

Suppose that Wall-E Corp. currently has the balance sheet shown below, and that sales for the year just ended were $7.9 million. The firm also has a profit margin of 25 percent, a retention ratio of 30 percent, and expects sales of $9.9 million next year. Fixed assets are currently fully utilized, and the nature of Wall-Es fixed assets is such that they must be added in $1 million increments.

Assets				Liabilities and Equity
Current assets	$	2,844,000		Current liabilities	$	2,133,000
Fixed assets		5,214,000		Long-term debt		1,950,000
				Equity		3,975,000
Total assets	$	8,058,000		Total liabilities and equity	$	8,058,000

If current assets and current liabilities are expected to grow with sales, what amount of additional funds will Wall-E need from external sources to fund the expected growth? (Enter your answer in dollars not in millions.)

Additional funds needed

$