Given the following data, calculate the upper limit and the optinal cash balance. How much can the organization invest when its cash balance hits the upper limit?
Starting cash balance: $12,000
Minimum cash balance: $10,000
Means of cash flow: $1,000
Std dev of cash flows: $2,500
Annual interest rate: 12%
Tansaction cost: $25
Initial fund balance: $20,000
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