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Waterway Company management wants to maintain a minimum monthly cash balance of $32,000. At the beginning of April, the cash balance is $32,000, expected cash

Waterway Company management wants to maintain a minimum monthly cash balance of $32,000. At the beginning of April, the cash balance is $32,000, expected cash receipts for April are $313,600, and cash disbursements are expected to be $326,400. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance $

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