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Jasons emporium spends 375000 a month to pay bills and maintains a lower cash balance limit of 305000 the applicable interest rate is 6.6 percent

Jasons emporium spends 375000 a month to pay bills and maintains a lower cash balance limit of 305000 the applicable interest rate is 6.6 percent and the fixed cost of transferring funds is 500. What is the firms total cost of holding cash for the year based on the BAT model? Please show work

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