HotFoot Shoes would like to maintain its cash account at a minimum level of $$26,000,$ but expects the standard deviation in net daily

cash flows to be $$4,100,$ the effective annual rate on marketable securities to be $6\mathrm{.}6$ percent per year, and the trading cost per sale or

purchase of marketable securities to be $$210$ per transaction.

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

decimal places.$)$

Optimal cash return pointHotFoot Shoes would like to maintain its cash account at a minimum level of $$26,000,$ but expects the standard deviation in net daily cash flows to be $$4,100,$ the effective annual rate on marketable securities to be $6\mathrm{.}6$ percent per year, and the trading cost per sale or purchase of marketable securities to be $$210$ per transaction.

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