The Cherry Hill Furniture Company Sets Its Initial Cash Balance

The Cherry Hill Furniture Company sets its initial cash balance at $30,000. This amount is evenly disbursed over a 14-day period. As soon as the account is depleted another $30,000 is deposited.
The costs of replenishing the account are $20 per transaction. The market rate of return is 8%. Use
A 365-day year.
What is the annual opportunity cost of the cash balance?

A) $1,100
B) $1,150
C) $1,167
D) $1,200
E) $1,250