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JT's Firm spends $120,000 a week to pay bills and maintains a lower cash balance limit of $90,000. The standard deviation of the disbursements is

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JT's Firm spends $120,000 a week to pay bills and maintains a lower cash balance limit of $90,000. The standard deviation of the disbursements is $14,600. The applicable interest rate is 4.4 percent and the fixed cost of transferring funds is $60. What is this firm's total cost of holding cash based on the BAT model? OA) $3,034.18 OB) $5,357.62 OC) $4,911.12 OD) $5,739.96 O E) $2,862.22

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