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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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