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Veggie Burgers, Inc. would like to maintain its cash account at a minimum level of $253,000 but expects the standard deviation in net daily cash

Veggie Burgers, Inc. would like to maintain its cash account at a minimum level of $253,000 but expects the standard deviation in net daily cash flows to be $12,800, the effective annual rate on marketable securities to be 4.5 percent per year, and the trading cost per sale or purchase of marketable securities to be $31.50 per transaction. What will be its optimal upper cash limit?

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