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QUESTION THREE (IS MARKS) i) The management of Popular Traders anticipates Ksh 1,500,000 in cash outlays (demand) during the next year. The recent experience has been that it costs Ksh 30 to convert marketable securities to cash and vice versa. The marketable securities currently earns 8 per cent annual return. Find the total cost of managing cash according to Baumol model (5 Marks) ii) Discuss three importance of maintaining inventory at optimum levels (6 Marks) iii) Briefly describe the basic reasons why profit/EPS maximization fails to be consistent with wealth maximization. (4 Marks)