The Cow Pie Spreader Co

The Cow Pie Spreader Co.spends $214,000 a week to pay bills and maintains a lower cash balance limit of $150,000.The standard deviation of the disbursements is $16,000.The applicable weekly interest rate is 0.025 percent and the fixed cost of transferring funds is $49.What is the firm's cash balance target based on the Miller-Orr model?

A) $183,511
B) $208,511
C) $251,006
D) $254,545
E) $258,878