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Use the following information to answer this question: What should the cash return level be according to the Miller-Orr model? Annual disbursements $ 6,000,000 Fixed

Use the following information to answer this question: What should the cash return level be according to the Miller-Orr model?

Annual disbursements $ 6,000,000

Fixed per-transaction cost $ 75

Short-term interest rates 12%

Variance of daily net cash flow $ 5,000,000

Lower cash limit $ 0

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