You are the newly appointed senior assistant to Hayley Henderson, the CFO of Tegan Enterprises, a successful company with $$75$ million in sales.

Following up on a comment made during the board meeting last week, Hayley Henderson has asked you to verify that the cash transfers between the

company's portfolio of marketable securities and its principal bill$-$paying checking account are the lowest cost possible. Currently, Tegan tends to fund

its monthly cash requirements by either selling its marketable securities or borrowing funds in increments of $$92,952.$

You have collected the following data and only need to complete your calculations to address Hayley Henderson's concerns and answer the questions

that follow. $($Note: To make your computations easier, round all dollar amounts to the nearest whole dollar.$)$

Cash Transfer Data for Tegan Enterprises

Monthly cash requirement

Return earned on marketable securities portfolio

Securities$-$to$-$cash conversion cost

$$666,667$

$9\mathrm{.}00\%$

$$15\mathrm{.}00$

Given the cash transfer data for Tegan, complete the following table.

Cash Transfer Analysis for Tegan Enterprises

Activities Suggested by the Baumol Model

Transaction size

Average cash balance

Total annual cash$-$related holding costs

Annual number of transactions

Total annual transaction costs

Total annual cost of cash balances

Current Activities

$$92,952$