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HotFoot Shoes would like to maintain its cash account at a minimum level of $ 2 8 , 0 0 0 , but expects the
HotFoot Shoes would like to maintain its cash account at a minimum level of $ but expects the standard deviation in net daily cash flows to be $ the effective annual rate on marketable securities to be percent per year, and the trading cost per sale or purchase of marketable securities to be $ per transaction.
What will be its optimal cash return point? Use days a year. Do not round intermediate calculations. Round your answer to decimal places.
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