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Veggie Burgers, Inc. would like to maintain its cash account at a minimum level of $ 2 6 3 , 0 0 0 but expects

Veggie Burgers, Inc. would like to maintain its cash account at a minimum level of $263,000 but expects the standard deviation in net daily cash flows to be $13,800, the effective annual rate on marketable securities to be 3.9 percent per year, and the trading cost per sale or purchase of marketable securities to be $36.50 per transaction.Veggie Burgers, Inc. would like to maintain its cash account at a minimum level of $263,000 but expects the standard deviation in net
daily cash flows to be $13,800, the effective annual rate on marketable securities to be 3.9 percent per year, and the trading cost per
sale or purchase of marketable securities to be $36.50 per transaction.
What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2
decimal places.)
Optimal cash return point
What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)
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