Hotfoot Shoes Would Like To Maintain Its Cash Account At A Minimum Level Of 44 000 B 2456839

HotFoot Shoes would like to maintain its cash account at aminimum level of $44,000, but expects the standard deviation in netdaily cash flows to be $5,900, the effective annual rate onmarketable securities to be 5.6 percent per year, and the tradingcost per sale or purchase of marketable securities to be $110 pertransaction.

What will be its optimal cash return point?

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