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The Juliuss Company is applying the Miller-Orr model to its cash management. They determined that the return point is $ 15,000, the lower limit is

  1. The Juliuss Company is applying the Miller-Orr model to its cash management. They determined that the return point is $ 15,000, the lower limit is $7,000, and the upper limit is $26,000. Explain what this information means to the company's cash management. (10 pts.)

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