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Pizza Factory has a net cash inflow for the quarter of -$152. The beginning cash balance is $108. Company policy is to maintain a minimum
Pizza Factory has a net cash inflow for the quarter of -$152. The beginning cash balance is $108. Company policy is to maintain a minimum cash balance of $70 and borrow only the amount that is necessary to maintain that balance. How much does the firm need to borrow to have a zero cumulative surplus?
$114 $152 $78 $44 $82
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