ose Axels faces a smooth annual demand for cash of $5.01 million, incurs transa osts of $276 every time the company sells marketable securities, and can eam 4. ercent on its marketable securities. What will be its optimal cash replenishment level? (Enter your answer in dollars no iillions. Round your answer to 2 decimal places.) ose Axels faces a smooth annual demand for cash of $5.01 million, incurs transa osts of $276 every time the company sells marketable securities, and can eam 4. ercent on its marketable securities. What will be its optimal cash replenishment level? (Enter your answer in dollars no iillions. Round your answer to 2 decimal places.)