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The assistant treasurer of Jackson Tires, Inc., is trying to determine what the appropriate cash...

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The assistant treasurer of Jackson Tires, Inc., is trying to determine what the appropriate cash return level should be. The company's cash balances have been fluctuating wildly because of unpredictable and wide-ranging receipts and disbursements. The best estimate of annual disbursements is $5,000,000. The investment broker charges $75 per securities transaction. Short-term investment interest rates are 8%. The company does not mind a $0 cash balance but does not want the balance to be negative. Use the Baumol model to determine the following: Note: you must round all of your answers to nearest whole number AND properly identify your output for a correct mark. a. The optimal cash transfer amount b. The total cost of the cash position C. The number of annual transactions

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