15.Paradise Retailers, Inc. (PRI) determined that $1,500,000 isneeded for cash transactions made during the next year. Each timePRI deposits money in its checking account, a charge of $12.95 isassessed to cover clerical costs. If PRI can hold marketablesecurities that yield 4.5%, and then convert these securities tocash at a cost of only the $12.95 deposit charge, what is theoptimal cash amount C* to transfer from marketable securities tothe checking account according to the Baumol Model? Enter youranswer rounded to two decimal places. Do not enter $ or comma inthe answer box. For example, if your answer is $12,300.456 thenenter as 12300.46 in the answer box.

16. Use the data from problem 15, PRI’s financial managers havenot been following the Baumol Model. Instead, they have beentransferring cash from marketable securities less frequently,namely, transferring cash every 3 weeks. What total cash costincluding holding costs and transactions costs could PRI save bytransferring the optimal cash amount C* rather than this largertransfer amount? Enter your answer rounded to two decimal places.Do not enter $ or comma in the answer box. For example, if youranswer is $12,300.456 then enter as 12300.46 in the answer box.

17.

Using the data from problem 15, PRI’s financial managers areadjusting their optimal cash amount C* from the Baumol Model torespond to changing market conditions. Interest rates have declinedso that their marketable securities now yield 3.25% and their bankraised its deposit charge from $12.95 to $14.95. By what amountwill PRI’s optimal cash amount C* increase from what you calculatedin problem 15? Enter your answer rounded to two decimal places. Donot enter $ or comma in the answer box. For example, if your answeris $12,300.456 then enter as 12300.46 in the answer box.

its all one question i need help with all 3 parts